Fully Leased Retail
426 Century Ct Franklin, TN 37064
426 Century Ct, Franklin, TN, 37064
$2,999,000
For Sale
$2,999,000
Retail property for sale, fully leased.
Property Size9,000 SF
Lot Size1.25 Acres
Price / SF$333.22
Days on Market143
Property Features for 426 Century Ct
General Information
- Standard status
- Active
- Size
- 9,000 SF
- Lot size
- 1.25 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2010
Listing Agency
PARKS COMPASS
(615) 370-8669
Listed by
TAD LEFEVRE
Source
Corcoran
Added: Feb 27 Checked: Jul 20 at 4:04 am
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 PARKS COMPASS
Investment Insights
Based on property information with market context.
This commercial real estate property, comprising 9,000 square feet, is fully leased. The property is located in Franklin, Tennessee.
Key Highlights
- Fully Leased
- Year Built: 2010
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 | $226.8k | $25.20 |
| − Vacancy | −$12.5k | −$1.39 |
| EGI | $214.3k | $23.81 |
| − OpEx | −$64.3k | −$7.14 |
| NOI | $150.0k | $16.67 |
9,000 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.14M
$1.88M – $2.50M
NOI $150,028 @ 7.0% cap · market cap 5.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.64M
$2.31M – $3.08M
NOI $184,680 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Grumpy's Bail Bonds ...
Law Firm
TN Board of Paroles ...
Probation Office
Providence Community Corrections
Employment Agency
The Nesheiwat Law Group
Law Firm
Similar For Sale Nearby
FAQs
What type of property is this?
Retail property - Retail property for sale, fully leased.
Where is this retail property located?
The property is located at 426 Century Ct Franklin, TN.
What is the asking price?
The asking price for this property is $2,999,000.
What are key features of this property?
This property features: Fully Leased; Year Built: 2010
