Leased Retail Income
829 West Main Street Woodbury, TN 37190
829 West Main Street, Woodbury, TN, 37190
Contact for pricing
For Sale
Contact for pricing
Lease term has 5+ years remaining with 1.25% annual increases.
Property Size3,600 SF
Price / SF$398.83
Days on Market71
Property Features for 829 West Main Street
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 2019
Listing agency
Marcus & Millichap - Chicago Oak Brook
(630) 570-2200
Listed by
Dominic Sulo · License #IL 475.134920
Source
Crexi
Added: May 13 Updated: Jul 21 at 1:32PM Checked: Jul 21 at 1:32PM
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 Marcus & Millichap - Chicago Oak Brook
Investment Insights
Based on property information with market context.
This for-sale leased retail income property is supported by a remaining lease term of 5+ years, with 1.25% annual increases. The listing also notes it is located in an income tax-free state.
The property is located at 829 West Main Street in Woodbury, Tennessee (37190).
The property is located at 829 West Main Street in Woodbury, Tennessee (37190).
Key Highlights
- Lease term has 5+ years remaining
- Lease provides 1.25% annual increases
- Listed as an income tax‑free state
Local Financial Insights For Office B
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 | $95.0k | $26.40 |
| − Vacancy | −$14.7k | −$4.09 |
| EGI | $80.3k | $22.31 |
| − OpEx | −$20.1k | −$5.58 |
| NOI | $60.2k | $16.73 |
3,600 SF · lease $26.40/SF/yr · vacancy 15.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$860.5K
$752.9K – $1.00M
NOI $60,232 @ 7.0% cap · market cap 4.20%
Second Best
Retail
$592.9K
$518.8K – $691.7K
NOI $41,504 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$1.06M
$923.4K – $1.23M
NOI $73,872 @ 7.0% cap · market cap 5.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Fast Pace Dermatology
Physician
Fast Pace Primary ...
Medical Clinic
Fast Pace Health ...
Medical Clinic
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Lease term has 5+ years remaining with 1.25% annual increases.
Where is this retail space located?
The property is located at 829 West Main Street Woodbury, TN.
What is the asking price?
The asking price for this property is $1,435,800.
What are key features of this property?
This property features: Lease term has 5+ years remaining; Lease provides 1.25% annual increases; Listed as an income tax‑free state
