Interstate-Visible Retail
For Sale
Contact for pricing
85 North Mount Juliet Road, Mt Juliet, TN 37122
Retail property with interstate visibility and a long-term tenant lease in place.
Property Size5,005 SF
Price / SF$599.40
Days on Market55
Property Features for 85 North Mount Juliet Road
General Information
Standard status
Active
Size
5,005 SF
Class
A
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Additional Details
Highway Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
capital corporation
Listed By:
Tiffanie Fitzpatrick · License #TN 309117
Source:
Crexi
Added: Jun 18
Changed: Aug 8
Last Checked: Aug 8 at 11:38AM
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 capital corporation
Investment Insights
Based on property information with market context.
This for-sale retail space is positioned for strong exposure with interstate visibility. The property is currently occupied under a long-term tenant lease, creating an opportunity for buyers seeking a credit-leased retail asset.
The building is located directly off I-40 and North Mount Juliet Road, offering convenient regional access and visibility from the interstate corridor.
For tenants, the existing lease structure can support continuity in an established retail setting. For buyers, the long-term tenancy provides an income-producing framework while maintaining an emphasis on visibility from a major roadway.
The building is located directly off I-40 and North Mount Juliet Road, offering convenient regional access and visibility from the interstate corridor.
For tenants, the existing lease structure can support continuity in an established retail setting. For buyers, the long-term tenancy provides an income-producing framework while maintaining an emphasis on visibility from a major roadway.
Key Highlights
- Retail property located directly off I‑40 and North Mt Juliet Road with interstate visibility
- Long‑term tenant leases in place
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$114,458
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,289,160
$2.3M
Cap Rate 7%
$1,635,114
$1.6M
Cap Rate 9%
$1,271,756
$1.3M
Market Conditions
NOI Build-Up for 5,005 SF
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.
Gross rent
$170.0K $33.96/SF
− Vacancy
−$6.5K −$1.29/SF
EGI
$163.5K $32.67/SF
− OpEx
−$49.1K −$9.80/SF
NOI
$114.5K $22.87/SF
Area
Wilson County, TN
Vacancy
3.80%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,289,160
Cap Rate 7%
$1,635,114
Cap Rate 9%
$1,271,756
Alternative Uses
Best Use
Retail
$1.64M
$1.43M – $1.91M
NOI $114,458 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$6.56M
$5.74M – $7.66M
NOI $459,421 @ 7.0% cap · market cap 15.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
422
Businesses Nearby
Explore this area
Business Placement
Demographics for 37122, TN
64,018
Population
25,608
Households
2.5
Avg Household Size
40
Median Age
47%
College-Educated
96%
High-School Grad
111.6 sq mi
ZIP Area
574
Density / Sq Mi
$109,306
Median Household Income
$57,218
Median Earnings
$1,840
Median Rent
$451,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Retail property with interstate visibility and a long-term tenant lease in place.
Where is this retail space located?
The property is located at 85 North Mount Juliet Road Mt Juliet, TN.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Retail property located directly off I‑40 and North Mt Juliet Road with interstate visibility; Long‑term tenant leases in place
