2854 North Main St Crossville, TN 38555

Property Details for 2854 North Main St

Year built

1996

Lot size

0.65 lot acres

Property size

10,459 SF

Property type

Commercial real estate

APN

018087 00503

APU

1808700503

Description

This exceptional retail investment property in Crossville, Tennessee, offers a compelling opportunity. Located on Hwy 28/N Main St, a primary retail corridor with 22,000 vehicles daily, the property boasts a signalized intersection with Interstate Dr. and is conveniently situated one mile from I-40 (43,000 vehicles per day). The 5,600-5,628 square foot building, constructed in 2020, sits on a 0.65-acre lot and is currently 100% occupied by Aspen Dental and T-Mobile, both seasoned operators with extensive national footprints (8,000+ combined locations). The property benefits from strong primary term rent escalations, offering inflation protection: T-Mobile has 2% annual increases, and Aspen Dental features a 10% increase in year 6. The property's proximity to major national retailers like Walmart and Lowe's, which boast high foot traffic, further enhances its appeal. Crossville's strategic location between Nashville and Knoxville, coupled with a substantial student population within a four-mile radius, contributes to a robust and stable market. The property's Net Operating Income (NOI) is $216,749, resulting in a 6.50% cap rate, and the asking price is $3,335,000. This is a rare opportunity to acquire a high-performing, well-located retail asset with significant upside potential.

Location Insight

City

Crossville

County

Cumberland

State

Tennessee

Longitude

-85.0382

Latitude

35.987

CBSA code

18900

CBSA name

CROSSVILLE, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments