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Property profile & analytics
OFF-MARKET
Lifestyle centers

1421 1St St Union City, TN 38261

83,995 SF
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Lifestyle centers
Total area 83,995 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Sears Appliance Repair Home Appliance Store
  • G2The Gallery 2 Discount Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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