Automotive Service Facility with 10-Year
1554 Donelson Pkwy Dover, TN 37058
1554 Donelson Pkwy, Dover, TN, 37058
Contact for pricing
For Sale
Contact for pricing
Brand-new 10-year lease commenced July 2025 with corporate guarantee at a 2020-built automotive service facility.
Property Size10,800 SF
Price / SF$246.94
Days on Market115
Property Features for 1554 Donelson Pkwy
General Information
- Standard status
- Active
- Size
- 10,800 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2020
Listing agency
Marcus & Millichap - Houston
(713) 452-4200
Listed by
Justin Miller · License #TX 0551204
Source
Crexi
Added: Mar 30 Updated: Jul 21 at 1:16PM Checked: Jul 22 at 6:51AM
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 Marcus & Millichap - Houston
Investment Insights
Based on property information with market context.
This purpose-built automotive service facility was constructed in 2020 and is currently operating under a brand-new 10-year lease that commenced in July 2025. The lease is described as corporate guarantee-backed and structured on a double net basis, with minimal landlord responsibility. The offering also notes built-in rent growth of 8% increases every five years through four renewal options, extending the lease term to 2055.
The property is positioned along the primary corridor between Clarksville and Land Between the Lakes, targeting a captive market. The public remarks describe the surrounding submarket as a high-growth area, including 24% population growth over the last decade and household incomes nearly doubling since 2000.
The facility is listed for sale with a total property size of 10,800 square feet.
The property is positioned along the primary corridor between Clarksville and Land Between the Lakes, targeting a captive market. The public remarks describe the surrounding submarket as a high-growth area, including 24% population growth over the last decade and household incomes nearly doubling since 2000.
The facility is listed for sale with a total property size of 10,800 square feet.
Key Highlights
- Brand‑new 10‑year lease commenced July 2025 with corporate guarantee from Sun Auto Tire & Service
- 2020 construction: modern, purpose‑built automotive service facility to help minimize near‑term capital expenditures and deferred maintenance risk
- Lease structure is double net (NN) with minimal landlord responsibility
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 | $155.5k | $14.40 |
| − Vacancy | −$8.7k | −$0.81 |
| EGI | $146.8k | $13.59 |
| − OpEx | −$44.0k | −$4.08 |
| NOI | $102.8k | $9.52 |
10,800 SF · lease $14.40/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.47M
$1.28M – $1.71M
NOI $102,768 @ 7.0% cap · market cap 3.85%
Second Best
Industrial
$905.9K
$792.7K – $1.06M
NOI $63,413 @ 7.0% cap · market cap 2.38%
Theoretical Best
Office A
$1.81M
$1.59M – $2.12M
NOI $126,904 @ 7.0% cap · market cap 4.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Barrett's Tire Co.
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Dover Small Engine — 1362 Donelson Pkwy, Dover, TN 37058
FAQs
What type of property is this?
Auto shop - Brand-new 10-year lease commenced July 2025 with corporate guarantee at a 2020-built automotive service facility.
Where is this auto shop located?
The property is located at 1554 Donelson Pkwy Dover, TN.
What is the asking price?
The asking price for this property is $2,667,000.
What are key features of this property?
This property features: Brand‑new 10‑year lease commenced July 2025 with corporate guarantee from Sun Auto Tire & Service; 2020 construction: modern, purpose‑built automotive service facility to help minimize near‑term capital expenditures and deferred maintenance risk; Lease structure is double net (NN) with minimal landlord responsibility
