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Property profile & analytics
OFF-MARKET
Retail space

1207 Meridian St Greenfield, TN 38230-2159

17,924 SF 1.6 ac lot Built 1999
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US80-2481272
Property summary
AI-generated overview

This exceptional investment opportunity presents a single-tenant, 16,500-square-foot Dollar General convenience store and grocery storefront located in Greenfield, Tennessee. The property sits on a 1.6-acre lot at 1207 S Meridian St, 38230, and boasts a strong 7.25% capitalization rate. Built in 1999, this single-story building is currently 100% occupied under a Net Lease (NN) agreement with a corporate guarantee, ensuring consistent cash flow. The Net Operating Income (NOI) stands at $75,000 annually. The asking price is $1,034,482. This property offers a secure investment with a projected rent increase scheduled for 2026, promising even greater future returns. The property's prime location just south of downtown Greenfield provides excellent visibility and accessibility. This is a rare opportunity to acquire a well-established, high-performing retail asset in a stable market. The sale is offered as-is by the owner.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1999
Construction FRAME
Total area 17,924 SF
Lot 1.6 ac (69,696 SF)
APN 092155 03601
UPID US80-2481272
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dollar General Discount Store
  • Heidi M. Batchelor, PharmD Pharmacy
  • Ronnie L. Batchelor, DPH Pharmacy
  • Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Greenfield Investments LLC · 5 yrs held
Greenfield Investments LLC
since 2021
Last sale
$430,000
6 recorded transactions
2021
$430,000
2019
Price N/A
2008
Price N/A
2007
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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