7603 Us-70 Bartlett, TN 38133
- Retail properties
- 1,840 SF
- 0.64 lot acres
Current Use by Public Records
- Retail properties
Property Details for 7603 Us-70
- Lot size
- 0.64 lot acres
- Property size
- 1,840 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 1,840-square-foot storefront located at 7603 US-70 in Bartlett, Tennessee, within the established Appling Crossing neighborhood center. The property sits on a 0.64-acre lot and is currently 100% leased to Thryve Chiropractic & Kinetics under a Net Lease (NNN) agreement. The lease term is five years, with a built-in 3.5% rent increase in year four. The current annual net operating income (NOI) is $53,360, generating a compelling 7.25% capitalization rate. The asking price for this turnkey retail investment is $736,000, translating to a price per square foot of $400. This property offers a stable, long-term investment with a strong tenant in a desirable location, making it an attractive option for investors seeking a high-yield, low-maintenance asset. The property's location in Bartlett, Shelby County, Tennessee (zip code 38133) provides excellent visibility and accessibility. This is a brand new outparcel offering a secure and profitable investment opportunity. The property's strong tenant and favorable lease terms make it a low-risk, high-reward investment.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bartlett
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.8097
- Latitude
- 35.2296
