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2455 Lake Rd Dyersburg, TN 38024

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For Sale
$2,560,000

New 20-year ground lease in dynamic retail corridor.

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Listing Contact
Adam Birnbrey
Adam Birnbrey
Source: Tscg

Listing Agent: Adam Birnbrey

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

New Ground Lease Opportunity

This property features a brand new 20-year ground lease with 8% rent escalations. It benefits from an attractive cost basis, featuring a low rent and price point. The property is situated in a dynamic retail corridor, adjacent to a new Chipotle and a new Zaxby's. Traffic counts exceed 22,000 vehicles per day along State Route 78, near U.S. Highway 51 and Interstate 155. The average household income within a 1-mile radius is over $116,000.
Location Intelligence

Current Use by Public Records

Action Check Advance ... Title Company Smothers Eye Clinic Physician Luxury Nails Nail Salon Head Attractions Family ... Hair Salon

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Building Supply Nail Salon Auto Repair Shop Gym & Fitness Center

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

Location Insight

  • Map
  • Local Demand
City
Dyersburg
County
Dyer
State
Tennessee
Longitude
-89.396517
Latitude
36.0621

FAQs

What type of property is this?
NNN property - New 20-year ground lease in dynamic retail corridor.
Where is this nnn property located?
The property is located at 2455 Lake Rd Dyersburg, TN.
What is the asking price?
The asking price for this property is $2,560,000.
What are key features of this property?
This property features: - Brand new 20-year ground lease with 8% bumps; - $116,000+ average household income within a 1-mile radius; - Dynamic retail corridor adjacent to new Chipotle and new Zaxby's
More about this property
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