150 Sam Walton Dr, Sparta, TN 38583
- Commercial real estate
- 20,111 SF
- 1.48 lot acres
Current Use by Public Records
- DaVita Sparta Dialysis / Medical Clinic
- Fast Pace Primary Care: Karen Thrasher, PA-C / Physician
- Subway / Take-out & Catering
- World Finance / Loan Service
- Angela Cammarata / Physician
Property Details for 150 Sam Walton Dr
- Year built
- 2004
- Lot size
- 1.48 lot acres
- Zone code
- C-D
- Property type
- Commercial real estate
- APN
- 093048 13001
- APU
- 9304813001
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 17, 2025 | $3,560,000 | Sparta Taft Church LLC | Taft Church LLC | Special Warranty Deed | $2.8M · One Bank Of Tennessee |
| Jun 7, 2019 | $2,625,000 | Taft Church LLC | Hackmeyer Properties Of Florida | Special Warranty Deed | $2M · Morgan Stanley Bank NA |
| Jun 11, 2012 | $1,100,000 | Hackmeyer Properties Of Florida | Humphreys R Hunter | Trustees Deed | — |
| Feb 16, 2006 | — | Callaway,frank T | Pellissippi Property Co LLC | Quit Claim Deed · related | — |
| Feb 16, 2006 | $1,325,000 | Taft Center LLC | Pellissippi Property Co LLC | Grant Deed | $2.1M · Morgan Stanley Mtg Cap |
| — | — | Hackmeyer Properties Of Florida | — | Deed Of Trust · related | $1M · Triumph Bank |
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,920,000
- ML approach
- $4,040,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,481,000
- AI Estimate
- $3,385,000
Market price range: $953k - $3.48MMarket price range: $1.13M - $3.39M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $2,135,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Sparta
- County
- White
- State
- Tennessee
- Longitude
- -85.4883
- Latitude
- 35.9302
