Tractor Supply Shopping Center

Shopping Center for Sale
Catylist Listing ID: 30506204
Property Subtypes: Strip Center
Building Size (RSF): 31,134 SF
Gross Land Area: 5.30 Acres
Sale Price: $2,100,000
Unit Price: $67.45 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN)
Building Name: Tractor Supply Shopping Center
Usable Size (USF): 31,134 SF
Sale Terms: Undisclosed
Cap Rate: 8.6%
Last Updated: 1/20/2020

Overview / Comments

Prime Investment Property located in opportunity zone. The property is fully occupied and the current tax appraisal is $2,150,600. Annual net income from leases is $181,766 and will increase annually per terms of individual leases. Existing tenants include Tractor Supply, Dollar Tree, and Factory Connection. Leases are triple net with common area maintenance (CAM) charges for maintenance, insurance and property taxes. The building has a new roof and HVAC's within the last five years. Total lot size is 5.3 acres with room for additional strip center or out parcel building on the property. There is 423 ft fronting on State Route 28 and 194 ft fronting on U S Hwy 127. The gross leasable area is 31,134 s.f. Agent is Owner.

Additional Details

Nearest MSA: Chattanooga
County: Sequatchie
Taxing Authority: Sequatchie County
Tax ID/APN: 077048M C 00400
Zoning: COMMERCIAL
Retail Clientele: General
Property Located Between: Resturant and Bank
Property Visibility: Excellent
Largest Nearby Street: U S Hwy 127
Feet of Frontage: 423
Highway Access: State Hwy 28 and US Hwy 127
Site Description: Great visibility with extremely high traffic count.
Area Description: Located just past the intersection of State Route 28 and Hwy 127 and almost across from Sequatchie County Schools. This is the most concentrated commercialized are in Dunlap and Sequatchie County which includes a nation chain drug store, gas stations, restaurants, convenience store, car wash and the Sequatchie County Schools.
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1977
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Building is well situated on of the lot allowing for abundant parking and excellent visibility.
Parking Type: Surface
Parking Description: Parking is paved and abundant.
Lot Frontage: 423 irr
Lot Depth: 314 irr
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 048M C 004.00, 048M C 004.01

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,834 10,624
Median Age: 38.22 39.37
Households: 1,831 4,113

Contact

Photograph of Listing Agent

Pamela D Brown

Century 21 Professional Group Greater Chattanooga REALTORS® Member
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