150 Sam Walton Dr Sparta, TN 38583

This 93% occupied retail center is shadow-anchored by a Walmart Supercenter and features 85% nationally named tenants. The property benefits from assumable CMBS debt at a 4.88% interest rate, with approximately 5 years of term remaining and 30-year amortization. The center has a 7.75% CAP rate with potential upside through lease-up of the remaining vacant unit (7%). The tenancy has been successful in consistently exercising renewals, with over 82% of the leased space renewed within the past 18 months, enhancing rent roll stability. The property has a dynamic mix of service-oriented retail and medical users. Tenant sales are reportedly trending upward. Anchor tenants include Fast Pace Urgent Care, Verizon, and DaVita/Sparta Dialysis, with medical tenants occupying 50% of the space. The property is located in a growing community with average household incomes over $88,000 within 1 mile. It offers easy access and prominent pylon signage, frontage, and high visibility in a Walmart Supercenter corridor. Situated along one of the most heavily traveled roadways through Sparta - 70S (15,600+ VPD directly in front of center). The property is located 80 miles from Nashville/Nashville International Airport and is centralized to 3 out of 4 of the largest cities in the state. The property is supported by a strong employment base including Ascension Saint Thomas Highlands Hospital (230 Employees), Moeller Marine Products (250 Employees), Acument Global Technologies, Rebo Lighting & Electronics and Tri-State Distribution and BASF.