Income-Producing Shopping Center in Erwin, TN - Fully Leased Investment Opportunity Located in the heart of Erwin, TN, this well-established shopping center offers an excellent opportunity for investors seeking a stable, income-producing property. Situated on 4.41 acres of Erwin’s historic Main Street, this fully leased, 40,735 square foot shopping center is anchored by well-known national tenants CVS and Food Lion, with a longstanding local tenant, a furniture store, completing the tenant mix. Erwin, TN, is a charming town known for its friendly community and small-town appeal, nestled in the scenic Appalachian foothills of northeastern Tennessee. With a population of just over 5,000, Erwin is a regional hub for commerce and services, offering a relaxed pace of life while still providing convenient access to nearby cities such as Johnson City and Asheville. Erwin, TN is connected to Hot Springs, NC via the Appalachian Trail. Property Highlights: Leased Area: 40,735 SF across three tenants: CVS (8,450 SF), Food Lion (27,885 SF), and a locally owned furniture store (4,400 SF). Established Tenants: CVS and Food Lion have been in place since the property’s original development in 1984. The furniture store has changed ownership over the years but remains a stable and established business. Long-Term Stability: Food Lion recently executed a 5-year lease extension, with one additional 5-year option remaining. CVS and the furniture store have leases expiring in the Fall of 2025. Food Lion has seen a steady increase in sales over the last three years and has a loyal customer base with a 10x 12-month visit frequency. Triple Net Leases: All leases are structured as triple net (NNN), ensuring minimal landlord obligations. The tenant reimbursement responsibilities include taxes and parking lot lights (Food Lion), and insurance, taxes, and common area maintenance expenses (CVS). Recent Updates: The property has been well-maintained with a local construction company handling maintenance has needed and with recent updates including a freshly striped parking lot and a new roof, installed just two years ago. Location: Located on Erwin’s historic Main Street, providing excellent visibility and access to the adjacent residential neighborhoods. Strong In-Place Cap Rate: With an in-place cap rate of 7.45%, this shopping center offers attractive returns for investors. The property is priced below replacement cost per square foot, providing future potential for rent increases and value appreciation. Low Property Taxes: The area benefits from low property taxes, further enhancing the property’s strong financial profile.