7603 Us-70 Bartlett, TN 38133
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.
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.