1414 Highland Ave Columbia, TN 38401-3728

This 840-square-foot storefront at 1414 Highland Ave, Columbia, TN 38401, presents a compelling investment opportunity. Located in Maury County, this stabilized retail property boasts a 6.20% cap rate and a strong net operating income (NOI) of $20,141. The property, built in 1925 and extensively renovated in 2022, sits on a 4,322-square-foot lot and is zoned CD-4. Currently occupied by a single tenant under a triple-net (NNN) lease, the lease commenced February 1, 2022, and expires February 1, 2025, with a remaining term of approximately 0.1 years. The lease includes annual rent bumps of 10%. The asking price is $325,000, translating to $386.90 per square foot. The property's recent renovation makes it adaptable for various uses, potentially appealing to owner-occupiers or those seeking to reposition the space. This presents a rare chance to acquire a well-maintained, income-producing asset in a thriving area. The property's location near booming downtown Columbia offers excellent visibility and access to a growing market. The low expenses and consistent cash flow make this an attractive investment for discerning buyers. The property's APN is 100L E 016.00.