3300 Hwy 100 Centerville, TN 37033-9420
This exceptional retail property, located at 3300 Highway 100 in Centerville, Tennessee, offers 9,798 square feet of space situated on a 3.05-acre lot. The property boasts a strong, long-term lease agreement with Dollar General (DG) as the current tenant. The base lease period extends until April 30, 2031, with three additional five-year renewal options available, providing significant lease stability and predictable income for the investor. The current tenant is responsible for maintenance and insurance expenses, while property taxes are paid by the owner and subsequently reimbursed by the tenant. This arrangement minimizes the owner's operational responsibilities. The property presents a compelling investment opportunity with a 6.5% capitalization rate, reflecting a strong return on investment. The strategic Highway 100 location ensures high visibility and accessibility for the tenant, contributing to its ongoing success. This property is ideal for investors seeking a stable, high-yield retail investment with a long-term lease and minimal operational burden. The substantial land area also offers potential for future expansion or development, adding further value to this attractive offering. This is a rare opportunity to acquire a well-positioned, income-producing retail property in a thriving Tennessee market.
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.