This Retail Property is no longer advertised on LoopNet.com.

150 Sam Walton Dr
Sparta, TN 38583

NNN Walmart Shadow Ctr/Med. |Assum Debt Avail · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • NNN, 93% Occupied, Walmart Supercenter Shadow Anchored Center with 85% Nationally Named Tenants | New Roof in 2022 with 15 Year Transferrable Warranty
  • Successful Tenancy Consistently Exercising Renewals: 82%+ Leased Space has Been Renewed in Past 18-Months (Including All Three Anchor Tenants)
  • Growing Community with Average Household Incomes Over $88,000 Within 1-Mile and 15,600+ Vehicles Per Day Directly In Front of Center
  • Highly Attractive Assumable CMBS Debt at 4.88% Interest Rate, Approx. 5 Yrs. of Term Remaining, 30-Yr. Amortization & Yielding Over 10% Year-1 Retur
  • 7.75% CAP Rate & Upside Available Through Lease-Up of the Last Remaining Vacancy (7%)| Dynamic Mix of Service-Oriented Retail/Medical, Recession Pro
  • Anchored by Well-Known, Tenured National Retailers/Medical: Fast Pace Urgent Care, Verizon, & DaVita/Sparta Dialysis (50% Medical Tenants)

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront
Building Size
18,736 SF
Building Class
B
Year Built
2004
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
1.44 AC
Zoning
C-D - Commercial District
Parking
79 Spaces (4.22 Spaces per 1,000 SF Leased)
Frontage
162 FT on Taft Church Road

AMENITIES

  • Banking
  • Corner Lot
  • Dedicated Turn Lane
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Air Conditioning

PROPERTY TAXES

  • Listing ID: 33535569

  • Date on Market: 10/16/2024

  • Last Updated:

  • Address: 150 Sam Walton Dr, Sparta, TN 38583