1421 1St St Union City, TN 38261
Reelfoot Commons, a thriving shopping center, presents a unique investment opportunity. Strategically located at the signalized intersection of Reelfoot Avenue and First Street, this property boasts exceptional visibility and high traffic counts. The 83,995 square foot center houses a diverse mix of established tenants, including Dollar General, AutoZone, The Gallery Thrift Store, and Rent-A-Center, demonstrating strong market demand and long-term stability. Currently, there are six available retail spaces ranging from 1,200 to 4,342 square feet, providing flexibility for various business types. The center's 20 total suites and a current vacancy of 17,650 square feet offer significant potential for expansion and increased revenue. This property is ideal for investors seeking a well-established, high-visibility retail center with immediate income potential and opportunities for future growth. The existing tenant mix provides a strong foundation for continued success, and the available spaces offer the chance to further diversify the center's offerings and attract new businesses. The prime location and high traffic volume ensure consistent customer flow, making this a compelling investment opportunity in a vibrant retail market.
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Sears Appliance Repair Home Appliance Store
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G2The Gallery 2 Discount Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.