Ziebart NNN Automotive
For Sale
$1,938,461
4641 Georgetown Road NW, Cleveland, TN 37312
Brand-new automotive service facility leased under an absolute NNN structure with long-term contractual terms.
Property Size6,000 SF
Lot Size1.02 Acres
Price / SF$323.08
Days on Market55
Property Features for 4641 Georgetown Road NW
General Information
Standard status
Active
Size
6,000 SF
Lot size
1.02 Acres
Property subtype
Retail
Occupancy
100%
Net Operating Income
$126,000
Additional Details
Cap Rate
6.5%
Road Access
Yes
Building Details
Building Size
6,000 SF
Year Built
2026
Tenancy
Single
Listing Agency:
SVN | Second Story RE Management
Listed By:
Hunter Myers · License #TN #359455
(678) 787-5019
Source:
Svn
Added: Aug 14
Changed: Oct 6
Last Checked: Oct 5 at 3:33PM
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 SVN | Second Story RE Management
Investment Insights
Based on property information with market context.
Located at 4641 Georgetown Road NW in Cleveland, Tennessee, this brand-new automotive service facility comprises 6,000 SF on 1.02 acres. Completed in 2026, the property is occupied by a Ziebart franchise operator under a 15-year absolute NNN lease, with a personal guaranty and limited landlord responsibilities.
The lease provides rental increases of approximately 10% every five years and includes two 5-year renewal options. The property is 100% leased and carries a 6.50% cap rate. Nearby destinations identified for the location include Food City, Dollar General, and Candy's Creek Cherokee Elementary. The surrounding area is also identified as benefiting from new development and a TDOT project.
The lease provides rental increases of approximately 10% every five years and includes two 5-year renewal options. The property is 100% leased and carries a 6.50% cap rate. Nearby destinations identified for the location include Food City, Dollar General, and Candy's Creek Cherokee Elementary. The surrounding area is also identified as benefiting from new development and a TDOT project.
Key Highlights
- 6,000 SF Ziebart facility on 1.02 acres
- 15‑year absolute NNN lease with personal guaranty
- 100% leased to a Ziebart franchise operator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,700
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,134,000
$1.1M
Cap Rate 7%
$810,000
$810.0K
Cap Rate 9%
$630,000
$630.0K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$90.0K $15.00/SF
− Vacancy
−$9.0K −$1.50/SF
EGI
$81.0K $13.50/SF
− OpEx
−$24.3K −$4.05/SF
NOI
$56.7K $9.45/SF
Area
Bradley County, TN
Vacancy
10.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,134,000
Cap Rate 7%
$810,000
Cap Rate 9%
$630,000
Alternative Uses
Best Use
Retail
$810.0K
$708.8K – $945.0K
NOI $56,700 @ 7.0% cap · market cap 2.93%
Second Best
Industrial
$453.0K
$396.4K – $528.5K
NOI $31,712 @ 7.0% cap · market cap 1.64%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,128 @ 7.0% cap · market cap 4.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
8k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
7,783 visits/mo
0.1 miles
Demographics for 37312, TN
36,291
Population
15,023
Households
2.4
Avg Household Size
42
Median Age
36%
College-Educated
93%
High-School Grad
64.4 sq mi
ZIP Area
564
Density / Sq Mi
$75,369
Median Household Income
$41,148
Median Earnings
$1,080
Median Rent
$270,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
NNN property - Brand-new automotive service facility leased under an absolute NNN structure with long-term contractual terms.
Where is this nnn property located?
The property is located at 4641 Georgetown Road NW Cleveland, TN.
What is the asking price?
The asking price for this property is $1,938,461.
What are key features of this property?
This property features: 6,000 SF Ziebart facility on 1.02 acres; 15‑year absolute NNN lease with personal guaranty; 100% leased to a Ziebart franchise operator
