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
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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
- General Retail Fast Food
- General Retail Supermarket
- Office Medical
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
LINKS
PROPERTY TAXES
Parcel Number | 048-130.01 | Improvements Assessment | $530,160 |
Land Assessment | $109,520 | Total Assessment | $639,680 |
Listing ID: 33535569
Date on Market: 10/16/2024
Last Updated:
Address: 150 Sam Walton Dr, Sparta, TN 38583
The Retail Property at 150 Sam Walton Dr, Sparta, TN 38583 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.