Current Use by Public Records
- Retail properties & Spaces
Property Details for 442 State Route 8
- Year built
- 1993
- Lot size
- 2.80 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a well-established Save-A-Lot grocery store located at 442 State Route 8, Dunlap, Tennessee, 37327. The property boasts a total of 12,600 square feet, with 8,000 square feet of net rentable space, situated on a 2.8-acre lot. The building, constructed in 1993, is a Class A retail property with four buildings and one story, operating under a Commercial zoning permit. The asking price is $1,900,000, translating to a price per square foot of $150.79 and a compelling 7.18% cap rate. The property's prime location on a highly trafficked highway ensures excellent visibility and accessibility, maximizing its potential for consistent revenue generation. The occupancy date is May 1, 2024. This owner-user investment offers a chance to acquire a thriving grocery store with additional attached leased buildings, providing a steady income stream. Prospective buyers are encouraged to conduct their own due diligence. The property is held under sole proprietorship and is currently for sale by owner.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Dunlap
- County
- Sequatchie
- State
- Tennessee
- Longitude
- -85.3812
- Latitude
- 35.3992
