0 Sgt. Paul Huff Pkwy Cleveland, TN 37312
Invest in two exceptional 3.16-acre outparcels situated in Cleveland, Tennessee's thriving retail corridor along Sgt. Paul Huff Parkway Northwest. These fee-simple lots, totaling 3.16 acres (APN: 033A E 003.00, 033A E 004.00), are zoned PUD and offer unparalleled visibility and accessibility. Located within the high-traffic Interstate 75 corridor, this property boasts a prime location adjacent to a major power center anchored by nationally recognized retailers including Target, Kohl's, Bed Bath & Beyond, Ross Dress for Less, Old Navy, and more. The area is experiencing explosive growth, with recent developments including a new 31,000 sq ft. commercial building, a planned commercial mall and 200-unit apartment complex, and the expansion of Bradley Square Mall. This location benefits from significant foot traffic and vehicular access, making it ideal for a variety of commercial uses. All utilities are underground, and the lots are fine-graded and ready for development. Pylon signs are permitted. The asking price is $4,690,000. Ground lease or build-to-suit options are available, with a lease rate of $2.18 per square foot annually, on a 20+ year NNN lease. This presents a unique opportunity to capitalize on the explosive growth and high demand in this premier location. The property is conveniently located near Lee University and Cleveland State College, further enhancing its appeal and potential.
Cap rate
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AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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