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Property profile & analytics
OFF-MARKET
Estimated value
$2,965,000
Retail space
1500 Main St Lebanon, TN 37087-3116
Entity Owned
~
Est. High Equity
Property ID
US80-0797120
Property summary
AI-generated overview
This exceptional investment opportunity presents a freestanding, single-tenant Dollar Tree store in Lebanon, Tennessee. The property boasts a newly renovated 13,824 square foot building situated on a 1.6-acre lot with ample parking (70 spaces). Secured by a corporate guarantee from Dollar Tree Stores, Inc. (NASDAQ: DLTR), this net-leased investment features a 10-year lease commencing January 23, 2023, and expiring January 31, 2033, with a remaining term of approximately 8.2 years. The lease includes rent bumps of $0.50 per square foot every five years. The property enjoys a prime location at a signalized intersection within a thriving retail corridor in a rapidly growing area, experiencing a 6.65% annual population growth rate. The property's strong performance is reflected in the current NOI of $283,392 and a 7.00% cap rate. Built in 2003 and renovated in 2023, this property is zoned B4 and offers a compelling investment opportunity with a strong tenant and significant upside potential. The asking price is $4,050,000, translating to a price per square foot of $292.97. The lease includes two 5-year renewal options. This is a fee simple ownership opportunity.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2002
Total area
16,718 SF
Lot
1.56 ac (67,954 SF)
Zoning code
B4
APN
057M B 00302
UPID
US80-0797120
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
-
higi Physician
-
Dollar Tree Discount Store
-
CDReload - Online Bitcoin ATM Crypto Atm Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.22M
Blend (final)
Blend
$2.97M
Owner & transaction history
11296 Brookhaven Investors LLC
11296 Brookhaven Investors LLC
since 2025
Last sale
$3.9M
4 recorded transactions
Zoning & alternative use
B4 · Lebanon, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.3M
+133.4%
Commercial (general)
$3.7M
+100.4%
Auto repair, garage
$3.3M
+78.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lebanon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lebanon submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,830,000
Current use
MEDICAL BUILDING
$4,270,000
Change: +133% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,665,000
Change: +100% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,270,000
Change: +79% · Conversion: Difficult
Blend value · Realmo final
$2.97M
Range $2.67M – $3.26M · ±10% · vs last sale $3.91M (Nov 7 2024)
Last sale anchor
$3.91M
Nov 7 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$177 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$15,303
Tax year 2023
Assessed value
$529,200
Assessed 2023
Previous assessed
$529,200
+0.0% YoY
Effective rate
2.89%
On assessed value
Assessed land
$144,040
Assessed improvement
$385,160
Land market value
$360,100
Improvement market value
$962,900
Total market value
$1,323,000
Applied tax rate
950.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2002
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
2
Total area
16,718 SF
Lot
1.56 ac (67,954 SF)
Zoning code
B4
APN
057M B 00302
UPID
US80-0797120
Jurisdiction
WILSON
Zoning & alternative use
B4 · Lebanon, TNZoning B4 · permitted uses
B4 · Lebanon, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$4.3M
COMMERCIAL (GENERAL)
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$3.3M
RETAIL STORES Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
1.56 ac
Current owner
From public records · entity-resolved
11296 Brookhaven Investors LLC
Entity
Mailing address
PO BOX 1159, DEERFIELD, IL 60015-6002
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2025
$3,100,000
11296 Brookhaven Investors LLC
Bts Sb Gp
Special Warranty Deed
—
Feb 7, 2025
$3,908,855
Ri Re Lebanon LLC
Crosstown Lebanon LLC
Special Warranty Deed
$8,384,684 · Country Bank For Savings
Jul 1, 2003
$4,180,142
Crosstown Lebanon LLC
Gvh Lebanon Asso
Grant Deed
—
—
—
Crosstown Lebanon LLC
—
Deed Of Trust
related
$2,474,500 · Intervest National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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