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    3300 Highway 100 Centerville, TN 37033

    For Sale
    $1,096,554

    Prime Retail Space, Excellent Lease Terms

    Property size:
    9,798 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional retail property, located at 3300 Highway 100 in Centerville, Tennessee, offers 9,798 square feet of space situated on a 3.05-acre lot. The property boasts a strong, long-term lease agreement with Dollar General (DG) as the current tenant. The base lease period extends until April 30, 2031, with three additional five-year renewal options available, providing significant lease stability and predictable income for the investor. The current tenant is responsible for maintenance and insurance expenses, while property taxes are paid by the owner and subsequently reimbursed by the tenant. This arrangement minimizes the owner's operational responsibilities. The property presents a compelling investment opportunity with a 6.5% capitalization rate, reflecting a strong return on investment. The strategic Highway 100 location ensures high visibility and accessibility for the tenant, contributing to its ongoing success. This property is ideal for investors seeking a stable, high-yield retail investment with a long-term lease and minimal operational burden. The substantial land area also offers potential for future expansion or development, adding further value to this attractive offering. This is a rare opportunity to acquire a well-positioned, income-producing retail property in a thriving Tennessee market.

    Property Features for 3300 Highway 100

    General Information

    Property type
    Retail properties
    Square Feet
    9,798 SF
    Lot Size
    132,858 SF

    Building Details

    Year Built
    2016
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Restaurant Realty agency Food Market Grocery Store Cafe & Coffee Shop Pawn Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Centerville
    County
    Hickman County, TN
    State
    Tennessee
    Longitude
    -87.36043
    Latitude
    35.8596

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Space, Excellent Lease Terms
    Where is this retail property located?
    The property is located at 3300 Highway 100 Centerville, TN.
    What is the asking price?
    The asking price for this property is $1,096,554.
    (615) 446-2849
    Request Owner's contact information
    3300 Highway 100 Centerville, TN 37033
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    Centerville, TN 37033
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3300 Highway 100 Centerville, TN 37033
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