Grocery-Anchored Neighborhood Shopping
New
For Sale
$3,260,472
400 Market Square Plaza, Livingston, TN 38570
Fully occupied retail center anchored by Food Lion and supported by long-tenured daily-needs tenants.
Property Size40,600 SF
Lot Size7.50 Acres
Price / SF$80.31
Days on Market3
Property Features for 400 Market Square Plaza
General Information
Standard status
Active
Size
40,600 SF
Lot size
7.50 Acres
Property subtype
Shopping Strip
Occupancy
100%
Site & Location
Anchor Co-Tenants
Food Lion, Family Dollar
Road Access
Yes
Additional Details
Cap Rate
7.25%
Amenities
100 Percent Occupied Grocery-Anchored Neighborhood Shopping Center
Original Food Lion & Family Dollar Tenants Since 1997 with Nearly 30 Years of Continuous Occupancy
Top-Performing Food Lion Ranked #300 of 1,104 Stores Nationwide (Top 27 Percent) and #7 of 27 Tennessee Locations (Top 23 Percent)
Original 20-Year Build-to-Suit Food Lion Lease with Renewals Extending the Potential Lease Term Through 2050
2021 Food Lion Roof Replacement Backed by a 20-Year Transferable Warranty
Dominant Grocery Anchor Serving a Protected Rural Trade Area with the Nearest Competing Food Lion Approximately 20 Miles Away
Casa Mexicana Expanded by 50 Percent, Demonstrating Long-Term Tenant Investment and Business Growth
Positioned Along Livingston's Primary Retail Corridor Serving the Upper Cumberland Region
Building Details
Building Size
40,600 SF
Year Built
1997
Tenancy
Multi
Listing Agency:
Detroit Office
(248) 415-2636
Listed By:
Ashish Vakhariya · License #License(s): MI: 6501322501
(248) 415-2636
Source:
Marcusmillichap
Added: Aug 30
Changed: Aug 31
Last Checked: Aug 31 at 1:11PM
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 Detroit Office
Investment Insights
Based on property information with market context.
Livingston Plaza is a 40,600-square-foot neighborhood shopping center on approximately 7.5 acres at 400 Market Square Plaza in Livingston, Tennessee. Built in 1997, the property is 100 percent occupied and combines grocery, discount retail, and restaurant uses. Food Lion occupies approximately 71 percent of the gross leasable area, while Family Dollar has remained at the center since opening. Casa Mexicana has operated at the property since 2005 and expanded from approximately 2,400 square feet to 3,600 square feet.
Food Lion’s current lease runs through October 31, 2030, with four additional five-year renewal options extending through October 31, 2050. A new Food Lion roof was installed in 2021 and includes a 20-year transferable warranty. The center provides ample parking, multiple ingress and egress points, and visibility along Livingston’s primary commercial corridor.
Livingston is the county seat of Overton County and serves as a commercial, governmental, and healthcare center for surrounding rural communities. The nearest competing Food Lion is approximately 20 miles away, supporting the property’s role as the area’s primary grocery destination.
Food Lion’s current lease runs through October 31, 2030, with four additional five-year renewal options extending through October 31, 2050. A new Food Lion roof was installed in 2021 and includes a 20-year transferable warranty. The center provides ample parking, multiple ingress and egress points, and visibility along Livingston’s primary commercial corridor.
Livingston is the county seat of Overton County and serves as a commercial, governmental, and healthcare center for surrounding rural communities. The nearest competing Food Lion is approximately 20 miles away, supporting the property’s role as the area’s primary grocery destination.
Key Highlights
- 40,600‑square‑foot neighborhood shopping center on approximately 7.5 acres
- 100 percent occupied with Food Lion, Family Dollar, and Casa Mexicana
- Food Lion occupies approximately 71 percent of gross leasable area
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
201
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 38570, TN
9,685
Population
4,628
Households
2.1
Avg Household Size
44
Median Age
13%
College-Educated
85%
High-School Grad
118.8 sq mi
ZIP Area
82
Density / Sq Mi
$37,652
Median Household Income
$34,963
Median Earnings
$792
Median Rent
$155,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - Fully occupied retail center anchored by Food Lion and supported by long-tenured daily-needs tenants.
Where is this shopping center located?
The property is located at 400 Market Square Plaza Livingston, TN.
What is the asking price?
The asking price for this property is $3,260,472.
What are key features of this property?
This property features: 40,600‑square‑foot neighborhood shopping center on approximately 7.5 acres; 100 percent occupied with Food Lion, Family Dollar, and Casa Mexicana; Food Lion occupies approximately 71 percent of gross leasable area
