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Listed by David Huffaker • The Huffaker Group, LLC
$650,000
Est. payment /mo
7,976 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 7,976 sqft
Price per Sqft $81
MLS Listing ID 2993830
Year Built 1983
Lot Size 1.020 Acres
Acres 1.02
Property Sub-Type Mixed Use
Property Description
Investment Opportunity!
This property features three fully leased commercial buildings with a current cap rate of 4.64% and plenty of room for growth. The asset generates a strong and steady income stream with monthly rental income of $3,468 and annual rental income of $41,616, resulting in a Net Operating Income (NOI) of $30,138 per year.
The existing lease runs through December 2028 and includes two additional 5-year extension options, providing long-term stability. With annual rental escalations of 2.5%, investors can enjoy built-in income growth over time.
Don't miss this rare opportunity to acquire a fully occupied investment property with consistent cash flow and long-term upside!
This property features three fully leased commercial buildings with a current cap rate of 4.64% and plenty of room for growth. The asset generates a strong and steady income stream with monthly rental income of $3,468 and annual rental income of $41,616, resulting in a Net Operating Income (NOI) of $30,138 per year.
The existing lease runs through December 2028 and includes two additional 5-year extension options, providing long-term stability. With annual rental escalations of 2.5%, investors can enjoy built-in income growth over time.
Don't miss this rare opportunity to acquire a fully occupied investment property with consistent cash flow and long-term upside!
Location
State TN
County Montgomery County
Zoning Commercial
Interior
Fireplace N
Exterior
Roof Type Metal
Others
Special Listing Condition Standard
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Jenn McMillion
Team Lead | TN Broker | KY Affiliate Broker | SRS® | MRP® | CRS® | ABR® | License ID: TN: 343054 KY: 247503
Team Lead | TN Broker | KY Affiliate Broker | SRS® | MRP® | CRS® | ABR® License ID: TN: 343054 KY: 247503