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    1740 Tn-149 Palmyra, TN 37142

    Sponsored
    For Sale
    $1,206,339

    High-yield retail investment opportunity.

    Property size:
    8,197 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a freestanding Dollar General convenience store located at 1740 TN-149, Palmyra, Tennessee 37142. The property boasts a substantial 8,197 square feet situated on a 2.46-acre lot and was constructed in 2014. Currently operating under a triple-net (NNN) lease with Dollar General, the property offers a strong, stable income stream with a remaining lease term of approximately five years, expiring November 29, 2029, and includes three five-year renewal options. The asking price is $1,206,339, translating to a price per square foot of $147.17. This represents a compelling 6.50% capitalization rate. This is one of three Dollar General locations available for sale in Middle Tennessee

    Property Features for 1740 Tn-149

    General Information

    Property type
    Individual retail properties
    Square Feet
    8,197 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Map

    City
    Palmyra
    County
    Montgomery
    State
    Tennessee
    Longitude
    -87.44852419
    Latitude
    36.44876895

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    FAQs

    What type of property is this?
    Individual retail property - High-yield retail investment opportunity.
    Where is this individual retail property located?
    The property is located at 1740 Tn-149 Palmyra, TN.
    What is the asking price?
    The asking price for this property is $1,206,339.
    Request Owner's contact information
    1740 Tn-149 Palmyra, TN 37142
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1740 Tn-149 Palmyra, TN 37142
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