400 Broad St New Tazewell, TN 37825-7239
This exceptional investment opportunity presents a 22,380-square-foot Tractor Supply Company storefront located at 400 S Broad St, New Tazewell, TN 37825. Built in 2022, this property sits on a substantial 4.44-acre lot and boasts a rare 20-year initial lease term expiring January 31, 2043, with a remaining term of 18.2 years. The lease includes a 5% rent increase every five years, ensuring consistent income growth. Tractor Supply Company, a nationally recognized brand with over 2,264 locations, is the tenant, providing investment-grade credit (BAA2/BBB). The property enjoys excellent visibility and accessibility from S Broad St, a road with a daily traffic volume of 17,317 vehicles. Its strategic location within a thriving retail area, adjacent to a Walmart and Ingles Market anchored shopping center (Cumberland Gallery), and near a significant industrial presence, further enhances its value. The surrounding area also includes a substantial concentration of daytime workers, with 2.6 million square feet of space within a two-mile radius. Proximity to Claiborne Medical Center (85 beds), Claiborne High School (675 students), and New Tazewell Municipal Airport adds to the property's appeal. Other nearby retailers include Walgreens, McDonald's, Taco Bell, KFC, and Hardee's. This is a strong, long-term investment opportunity with a highly creditworthy tenant and a prime location. The property offers 100% occupancy and is a single-tenant net lease.
-
Tractor Supply Co. Building Supply Hardware & Home Improvement
-
Garden Center at Tractor Supply Garden Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.