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Property profile & analytics
OFF-MARKET Estimated value $505,000
Grocery and convenience stores

508 Henslee Dr Dickson, TN 37055-1209

2,220 SF 0.6 ac lot Built 1994
Entity Owned 1-yr Hold Free & Clear
Property ID
US80-3428196
Property summary
AI-generated overview

This exceptional investment opportunity presents a fully leased, multi-tenant retail property located at 508 Henslee Dr, Dickson, TN 37055. The 4,688 square foot building, constructed in 1994 and renovated in 2023, sits on a 0.6-acre lot with 15 parking spaces and 8 gas pumps. The property boasts a prime location at a lighted intersection with an average daily traffic count of 14,000, benefiting from its proximity to Dickson County High School (1,472 students). Currently operating at 100% occupancy with two tenants, the property features a convenience store with a full kitchen and a three-bay garage for a tire and lube shop. Both tenants are under triple net (NNN) leases extending until 2028, generating a current net operating income (NOI) of $97,800, representing a 7.82% cap rate. The property is zoned B3 High Commercial Service and offers significant upside potential through lease options and potential value-added improvements. The asking price is $1,250,000 ($266.64/sq ft). This fee-simple ownership presents a strong, stable income stream in a growing community. The property's features include a hard-corner lot, high visibility, and consistent traffic flow, making it an attractive investment for discerning buyers seeking a reliable and profitable asset.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1994
Total area 2,220 SF
Lot 0.6 ac (26,136 SF)
APN 103L A 01303
UPID US80-3428196
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
  • 76 Mini Food Mart Gas Station
  • LibertyX Bitcoin ATM Atm
  • ATM Atm Gas Station
  • Magic Tire Shop & Auto (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$580k
CAP Approach CAP
$395k
Comparable Approach Comparable
$424k
Blend (final) Blend
$505k
Owner & transaction history
Arbuda Property LLC · 1 yrs held
Arbuda Property LLC
since 2025
Last sale
$575,000
7 recorded transactions
2025
$500,000
2025
$500,000
2023
$575,000
2021
$650,000
2019
$400,000
2014
$575,100
2009
$750,100
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $355,000 +34.1%
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