Building Details

Building Size 1,984 SF

Year Built 1973

Listing Agency: United Real Estate Middle Tennessee

Listed By: Nick Spry · License #349717 Show Phone

Source: Chordrealestate

Added: Oct 27 Changed: Nov 1 Last Checked: Nov 1 at 3:17PM

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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 United Real Estate Middle Tennessee

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This grocery and convenience store offering includes the business’s current inventory as part of the sale. The business is established and has a loyal customer base. The property was built in 1973.

Key Highlights

• Current business inventory is included in the sale
• Year built: 1973
• Established business with a loyal customer base

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$47,997

Cap Rate

6.86%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$959,940 $959.9K

Cap Rate 7%

$685,671 $685.7K

Cap Rate 9%

$533,300 $533.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,984 SF

Gross rent

$66.7K $33.60/SF

− Vacancy

−$2.7K −$1.34/SF

EGI

$64.0K $32.26/SF

− OpEx

−$16.0K −$8.06/SF

NOI

$48.0K $24.19/SF

Area

Rutherford County, TN

Vacancy

4.00%

Lease Rate

$33.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$959,940

Cap Rate 7%

$685,671

Cap Rate 9%

$533,300

Alternative Uses

Best Use

Specialty Retail

$685.7K

$600.0K – $800.0K (±1% cap)

NOI $47,997 @ 7.0% cap · market cap 6.86%

Second Best

Retail

$646.8K

$566.0K – $754.6K (±1% cap)

NOI $45,277 @ 7.0% cap · market cap 6.47%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Grocery and convenience stores

Suggested Use

Top Pick Auto Repair Shop Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

6

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 37153, TN

5,726

Population

1,941

Households

3

Avg Household Size

40

Median Age

35%

College-Educated

95%

High-School Grad

52.2 sq mi

ZIP Area

110

Density / Sq Mi

$90,625

Median Household Income

$58,333

Median Earnings

$944

Median Rent

$408,600

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Frequently Asked Questions

What type of property is this?

Grocery and convenience store - The sale includes the business’s current inventory.

Where is this grocery and convenience store located?

The property is located at 12001 Old Jackson Ridge Road Rockvale, TN.

What is the asking price?

The asking price for this property is $700,000.

What are key features of this property?

This property features: Current business inventory is included in the sale; Year built: 1973; Established business with a loyal customer base