Ground-Leased Grocery Retail
805 Pennell Ln Dyersburg, TN 38024
For Sale
$2,560,000
Brand new 20-year ground lease with 8% bumps in a retail corridor adjacent to new Chipotle and Zaxby’s.
Days on Market52
Property Features for 805 Pennell Ln
General Information
- Standard status
- Active
- Property subtype
- Single Tenant or Freestanding Building
Listing Agency:
The Shopping Center Group - Corporate
(770) 955-2434
Listed By:
Adam Birnbrey
Source:
Theshoppingcentergroup
Added: Jun 2
Changed: Jul 23
Last Checked: Jul 23 at 4:06PM
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 The Shopping Center Group - Corporate
Investment Insights
Based on property information with market context.
This property is offered for sale with a brand new 20-year ground lease featuring 8% bumps. It is positioned as part of a dynamic retail corridor with neighboring new restaurant development, including Chipotle and Zaxby’s. The offering is intended to provide a structured, long-term leasing term under the stated ground lease terms.
The site is located along Lake Rd with 22,000+ VPD noted in the public remarks. It is described as minutes to US Hwy 51 and Interstate 155, supporting convenient regional access. The area also includes a noted major distribution and manufacturing base with employers including Ermco, Tyson Foods, NSK, SRG Global, Nortek, and more.
Within the area described, public remarks cite $116,000+ average household income within a 1-mile radius, along with nearby demand drivers including a 225-bed West Tennessee Healthcare Dyersburg Hospital and Dyersburg State Community College with 3,100+ students.
The site is located along Lake Rd with 22,000+ VPD noted in the public remarks. It is described as minutes to US Hwy 51 and Interstate 155, supporting convenient regional access. The area also includes a noted major distribution and manufacturing base with employers including Ermco, Tyson Foods, NSK, SRG Global, Nortek, and more.
Within the area described, public remarks cite $116,000+ average household income within a 1-mile radius, along with nearby demand drivers including a 225-bed West Tennessee Healthcare Dyersburg Hospital and Dyersburg State Community College with 3,100+ students.
Key Highlights
- Brand new 20‑year ground lease with 8% bumps
- Adjacent to new Chipotle and new Zaxby’s
- Lake Rd frontage with 22,000+ VPD
Property Analytics
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
FAQs
What type of property is this?
Grocery and convenience store - Brand new 20-year ground lease with 8% bumps in a retail corridor adjacent to new Chipotle and Zaxby’s.
Where is this grocery and convenience store located?
The property is located at 805 Pennell Ln Dyersburg, TN.
What is the asking price?
The asking price for this property is $2,560,000.
What are key features of this property?
This property features: Brand new 20‑year ground lease with 8% bumps; Adjacent to new Chipotle and new Zaxby’s; Lake Rd frontage with 22,000+ VPD
