Leased Retail and Auto Repair
120 Rocky Rd Lebanon, TN 37087
120 Rocky Rd, Lebanon, TN, 37087
$995,000
For Sale
$995,000
A 3,200 sq ft building leased for five years, suited to retail sales and previously used for truck and auto repair.
Property Size3,200 SF
Price / SF$310.94
Days on Market29
Property Features for 120 Rocky Rd
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Property subtype
- Commercial
Listing agency
CUMBERLAND REAL ESTATE LLC
(615) 443-7653
Listed by
CHARMAINE H. MAJOR
Source
Corcoran
Added: Jun 24 Updated: Jul 21 at 8:31PM Checked: Jul 21 at 8:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CUMBERLAND REAL ESTATE LLC
Investment Insights
Based on property information with market context.
The property includes a 3,200 sq ft building currently used for retail sales. The building has extra-high ceilings and door openings designed to accommodate tractor trailers, reflecting its prior use for truck and auto repair. The site is fenced and includes a gate.
The property is being offered for sale with immediate income, and it is currently leased for five (5) years.
For buyers seeking an income-producing retail building with features compatible with heavy vehicle service history, this setup combines a retail-tenant use with the functional improvements such as high ceilings and trailer-access doors.
The property is being offered for sale with immediate income, and it is currently leased for five (5) years.
For buyers seeking an income-producing retail building with features compatible with heavy vehicle service history, this setup combines a retail-tenant use with the functional improvements such as high ceilings and trailer-access doors.
Key Highlights
- 3,200 SF building leased for five years
- Currently used for retail sales under the lease
- Previously used for truck and auto repair with extra‑high ceilings
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $108.7k | $33.96 |
| − Vacancy | −$4.1k | −$1.29 |
| EGI | $104.5k | $32.67 |
| − OpEx | −$31.4k | −$9.80 |
| NOI | $73.2k | $22.87 |
3,200 SF · lease $33.96/SF/yr · vacancy 3.80% · expense 30.00%
Alternative Uses
Best Use
Industrial
$3.46M
$3.02M – $4.03M
NOI $241,900 @ 7.0% cap · market cap 24.31%
Second Best
Retail
$1.05M
$914.8K – $1.22M
NOI $73,180 @ 7.0% cap · market cap 7.35%
Theoretical Best
Warehouse
$4.20M
$3.67M – $4.90M
NOI $293,736 @ 7.0% cap · market cap 29.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
King Automotive
Car Dealership
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - A 3,200 sq ft building leased for five years, suited to retail sales and previously used for truck and auto repair.
Where is this retail space located?
The property is located at 120 Rocky Rd Lebanon, TN.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 3,200 SF building leased for five years; Currently used for retail sales under the lease; Previously used for truck and auto repair with extra‑high ceilings
