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2510 E Andrew Johnson Hwy, Greeneville, TN, 37745

Check Into Cash
$886,153

Key Information

Cap Rate
6.09%
Tot. SF
3,604
Lot Size
0.89 Acres
Year Built
1999
Term Remaining
±5 Yrs
Type
Retail
NOI
$54,000

Highlights

  • Below Market Rent – recently executed leases in this retail corridor at higher rates. Offers future owners upside in rents & returns.
  • Sub $1M – Bite-Sized Price Point – pricing is in line with the land basis & offers future upside as this region continues to appreciate over time.
  • Across from Lowe’s Home Improvement & Major Retailers – Located in the heart of Greeneville, TN, this site is surrounded by national retailers such as Lowe’s Home Improvement, Hobby Lobby, Publix, Ross Dress for Less, Walmart, Chick-Fil-A, and many other national retailers.
  • History of Strong Performance & Renewals – tenant has been located here for +10 years & has exercised renewal options, showing site-level success & commitment.
  • Rental Increases – Buyer will capitalize on increased returns every 5 years during the initial term of the lease & in each renewal period.
  • High Growth Market – due to the affordability, low tax rates, & strong school systems, Greeneville, TN has continued to see job & population growth over the past decade.

Photos

Location

Agents

Broker of Record

Hutt Cooke

License # 263667 (TN)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203