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 retail 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 single-tenant, net lease (NNN) agreement. The lease term is five years, offering immediate cash flow and long-term stability. The current net operating income (NOI) is $53,360, with a built-in 3.5% rent increase in year four. This translates to an attractive 7.25% capitalization rate based on the asking price of $736,000. The property's price per square foot is $400. This turnkey investment is ideal for passive income seekers looking for a strong return in a desirable Tennessee market. The property's location within a well-established neighborhood center ensures high visibility and accessibility for the tenant, contributing to the consistent rental income. This is a rare opportunity to acquire a stable, high-performing retail investment property with a strong tenant and favorable lease terms. The property's strong financials and prime location make it a compelling investment opportunity.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bartlett
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.8097
- Latitude
- 35.2296
