181 Bre Ave Pulaski, TN 38478

Property Details for 181 Bre Ave

Year built

2017

Lot size

1.64 lot acres

Property size

20,000 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional 20,000 square foot shopping center in Pulaski, Tennessee, presents a compelling net lease investment opportunity. Located at 181 Bre Ave, this single-story, four-unit property boasts 100% occupancy with credit-rated tenants including Shoe Sensation, Vibe Dental, First Choice Health Pulaski, and Margarita Mexican Restaurant. All tenants are under long-term leases with approximately 5 years remaining. The property features ample parking (50 spaces) on a 1.64-acre lot, strategically positioned between Walmart and Hampton Inn, and adjacent to the Bank of Frankewing with shared parking. Built in 2017, this commercially zoned property benefits from its prime location in Giles County, a thriving area near the University of Tennessee Southern campus and major transportation arteries, including easy access to I-65. The strong NOI of $297,564 contributes to an attractive 5.50% cap rate, making this a highly desirable investment at an asking price of $4,500,000 ($225/sq ft). The property's location at the intersection of Hwy 64 and Hwy 64 bypass provides excellent visibility and accessibility. This is a rare opportunity to acquire a well-performing, multi-tenant retail center in a rapidly growing market. The property's strong tenant mix, long-term leases, and prime location make it an ideal addition to any investment portfolio.

Location Insight

City

Pulaski

County

Giles

State

Tennessee

Longitude

-87.0614

Latitude

35.2025