11 Church St Lexington, TN 38351-2009

Property Details for 11 Church St

Year built

2019

Construction

CONCRETE

Lot size

0.30 lot acres

Property size

1,334 SF

Zone code

B3

Property type

Office Properties & Spaces

APN

039082I E 01300

APU

039082IE01300

Description

This exceptional investment opportunity presents a 1,400 square foot, single-tenant storefront in Lexington, Tennessee. The property, built in 2019, boasts a brand new 11-year absolute NNN lease with a prominent corporate guarantor, Advance Financial, a well-established Tennessee-based company with over 100 locations. The lease features a 6.50% cap rate and a substantial NOI of $126,226, with built-in 2% annual rent increases. Situated on a highly visible 0.21-acre corner lot on Church Street, this property offers minimal landlord responsibilities and significant long-term income potential. The lease includes two 5-year renewal options, ensuring continued income stream. The asking price is $1,941,938, translating to $1,387.10 per square foot. The property is zoned commercial and benefits from being located in a state with no income tax. This is a turnkey investment ideal for passive income seekers. The property's strong tenant, favorable lease terms, and prime location make it a compelling addition to any portfolio. The building is a single-story structure, and the property's APN is 082I-E-013.00. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment in a thriving market.