193 Brown Jct Centerville, TN 37033
For Sale
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This 6,225 square foot retail property in Centerville, TN, presents a compelling redevelopment or lease-up opportunity. Located on a 1.01-acre lot at 193 Brown Junction, this former Fresenius Medical Care facility offers excellent visibility due to its prominent location along Brown Junction, a thoroughfare leading to State Highway 100 (7,580 vehicles per day). The property boasts a large monument sign and benefits from its proximity to numerous national and regional tenants, including Dollar General, Cash Express, and Valspar, creating a strong commercial presence. The site is zoned C-2 (Commercial District) and includes 24 parking spaces. Built in 2007, the building features 6,225 square feet and is offered at $1,500,000 ($240.96/SF). The property's strategic location is further enhanced by its proximity to Ascension Saint Thomas Hickman Hospital, a 65-bed facility, and Centerville Municipal Airport. The 5-mile trade area boasts a population exceeding 5,700 residents and 2,100 daytime employees, with an average household income of $71,208. The current lease expires in December 2024, providing a new owner with over a year of cash flow to plan for redevelopment or secure a new tenant. This fee simple ownership (land and building) presents a tremendous value with excellent visibility and strong demographics.
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Nephrology Associates, PC Medical Clinic
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Fresenius Kidney Care Centerville Medical Clinic
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Dr. Doug Linfert, MD Physician Medical Clinic
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Dr. Ling Yu, MD Physician Medical Clinic
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Dr. Ashish Soni, MD Physician Medical Clinic
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.