150 Sam Walton Dr Sparta, TN 38583-8815

Property Details for 150 Sam Walton Dr

Year built

2004

Lot size

1.48 lot acres

Property size

20,111 SF

Zone code

C-D

Property type

Commercial real estate

APN

093048 13001

APU

9304813001

Description

This exceptional 18,700 square foot retail center in Sparta, Tennessee, presents a compelling investment opportunity. Located at 150 Sam Walton Dr, this property boasts a prime location in a Walmart Supercenter corridor, ensuring high visibility and traffic. The center is 93% occupied, featuring a strong mix of national tenants including DaVita, Verizon Wireless, and Subway, demonstrating consistent success and high tenant retention. Over 82% of the leased space has been renewed within the past 18 months, including all three anchor tenants, highlighting the stability and desirability of this location. The property offers a 7.75% cap rate with significant upside potential through the lease-up of the remaining 7% vacant space. An attractive assumable CMBS loan is available with a 4.88% interest rate and approximately 5 years remaining on a 30-year amortization, projecting a year-one return on investment exceeding 10%. Built in 2004, the center sits on a 1.48-acre lot and provides 92 parking spaces. The property features desirable curb appeal and a newer roof (2022) with a 15-year transferable warranty. The strong tenant base, combined with the favorable loan terms and location in a growing community with average household incomes exceeding $88,000 within a one-mile radius, makes this a truly recession-resistant investment. The property's strategic position along a heavily traveled roadway (15,600+ vehicles per day) and prominent pylon signage further enhance its appeal. The NNN lease structure minimizes landlord responsibilities, adding to the investment's attractiveness. This is a rare opportunity to acquire a well-positioned, high-performing retail center in a thriving Tennessee community.

Location Insight

City

Sparta

County

White

State

Tennessee

Longitude

-85.4883

Latitude

35.9302

Property Tax & Assessments