150 Sam Walton Dr Sparta, TN 38583
93% occupied retail center with national tenants for sale.
Property size:
18,700 SFLot size:
1.45 AcresProperty Features for 150 Sam Walton Dr
General Information
- Size
- 18,700 SF
- Lot size
- 1.45 Acres
Source:
Moodyscre
Listing Agent: Dan Cooper
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Walmart Shadow Anchored Retail Center
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.
Location Intelligence
Current Use by Public Records
DaVita Sparta Dialysis
Dialysis Center
Fast Pace Primary ...
Physician Assistant
Subway
Sandwich Shop
World Finance
Loan Agency
Angela Cammarata
General Practitioner
Location Insight
- Map
- Local Demand
- City
- Sparta
- County
- White
- State
- Tennessee
- Longitude
- -85.488338
- Latitude
- 35.930146
Nearby Similar for Sale
FAQs
What type of property is this?
Strip mall - 93% occupied retail center with national tenants for sale.
Where is this strip mall located?
The property is located at 150 Sam Walton Dr Sparta, TN.
What is the asking price?
The asking price for this property is $3,670,000.
What are key features of this property?
This property features: - Highly Attractive Assumable CMBS Debt at a 4.88% Interest Rate with Approx. 5 Years of Term Remaining and Yielding Over 10% Year-1 Expected Return on Investment; - NNN, 93% Occupied, Walmart Supercenter Shadow Anchored Center with 85% Nationally Named Tenants; - 7.75% CAP Rate with Upside Available Through the Lease-Up of the Last Remaining Vacant Unit (7%)