Former Fresenius Owner-User/Redevelopment Opp 193 Brown Junction Rd

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a freestanding, 6,225 SF, former Fresenius Medical Care investment property located in Centerville, TN. The property sits on 1.01 acres and provides for a wide range of retail and medical uses. The site presents an excellent lease-up or redevelopment opportunity in a desirable location with direct access to numerous national and regional tenants along with residential communities. The store lease expires December 2024 and will be available for lease-up or redevelopment. The tenant will be paying $139,331 in rent (with 2% increase in January 2024) through December 2024, leaving a new investor with 12+ months of cash flow to determine their redevelopment plan or seek a new tenant.
The property is strategically located along Brown Junction, a thoroughfare leading to State Highway 100 (7,580 VPD). Over 150-miles long, State Highway 100 is a major west-east commuter highway that connects Whiteville, TN and Nashville, TN. This asset benefits from exceptional street frontage while also equipped with a large monument sign, creating excellent visibility along Brown Junction and State Highway 100. The trade area is home to a wide variety of national and regional tenants including Dollar General, Cash Express, Valspar, Classic Auto Care, and others. The nearby national and regional tenant presence drives a steady stream of loyal, local consumers to the area. In addition, the MOB is within walking distance to Ascension Saint Thomas Hickman Hospital with 65 beds. Saint Thomas Hickman Hospital is the first hospital in Tennessee to qualify as a Critical Access Hospital and serves the greater Nashville area with its 150+ employees. Furthermore, the property is 3 miles south of Centerville Municipal Airport, covering 100-acres and averaging over 6,000 flights annually. The 5-mile trade area is supported by a population of over 5,700 residents and 2,100 daytime employees with an average household income of $71,208.