975 Highway 51 N | Covington, TN 38019
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
975 Highway 51 N
Covington, TN 38019
Covington Shopping Center · Retail Property For Sale
Investment Highlights
- NEW LEASES WITH NATIONAL TENANTS: The property is 100% occupied with a desirable mix of national tenants highlighted by Tractor Supply
- RECENT COMMITMENT: Tractor Supply is currently paying a below market rent of $3.85 PSF and recently extended its lease by an additional 10 years
- BELOW MARKET RENTS: The rent roll is highlighted by replaceable, below market rents
- Each of these leases has attractive rent escalations and significant term providing a collective WALT of more than 10 Years
- ATTRACTIVE ACQUISITION BASIS: With an asking price of approximately $72 PSF and in-place rents below market levels
- NEW POPULATION / ECONOMIC DRIVERS - BLUE OVAL: Ford Motor company recently announced its plan to develop a $5.6 billion dollar manufacturing plant
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
71,078 SF
Building Class
B
Year Built
1991
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
11.44 AC
Zoning
B-2
Parking
378 Spaces (5.21 Spaces per 1,000 SF Leased)
Frontage
349 FT on Highway 51 N
Amenities
- Air Conditioning
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,289,440 | |
| Land Assessment | $353,840 | Total Assessment | $1,643,280 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$353,840
Improvements Assessment
$1,289,440
Total Assessment
$1,643,280
Learn More About Investing in Retail Properties
1 of 1
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
