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Property profile

181 Bre Ave Pulaski, TN 38478

OFF-MARKET
Lifestyle centers
20,000 SF 1.64 ac lot Built 2017
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Lifestyle centers
Year built 2017
Total area 20,000 SF
Lot 1.64 ac (71,438 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

181 Bre Ave Pulaski, TN 38478
Pulaski metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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