1290 Ellington Pkwy - Retail FOR SALE


Lewisburg, TN 37091
$992,000 USD
980-498-3293
1290 Ellington Pkwy, Lewisburg, TN for Sale
$992,000 USD
Retail - FOR SALE
1/4
null | 6.35% Cap Rate

1290 Ellington Pkwy
Lewisburg, TN 37091


HIGHLIGHTS

  • ATTRACTIVE LEASE FUNDAMENTALS
  • LOCATED IN CENTRAL TN - TAX FREE STATE
  • FAST GROWING BRAND

OVERVIEW

ATTRACTIVE LEASE FUNDAMENTALS - 15 year Ground Lease provides next owner with zero landlord responsibilities - 10% rental increases in primary term and in option periods FAST GROWING BRAND - Scooters currently has nearly 600 locations nation wide and expected to have more than 1,000 locations by 2024 - Ranked #13 on Yelp’s 2023 list of “50 Most Loved Brands in the U.S.” LOCATED IN CENTRAL TN - TAX FREE STATE - From 2021 to 2022 the Population of Lewisburg, TN grew by more than 2% - Lewisburg’s central location provides easy access to nearby major cities - Approximately 1 hour from Huntsville, AL and Nashville, TN - Tennessee has no income tax LOCATED NEAR INDUSTRIAL MAJOR EMPLOYERS - More than 1.6 Million SF of industrial space within a 1-mile radius of the subject site - Located just 1.5 miles from the site is the Comfort Research Park with more than 1.3M SF of warehouse and industrial space - Within a 5-mile radius of the site the AHHI is $78,335 SITE IS POSITIONED ON MAIN RETAIL CORRIDOR - Site is adjacent to the only Walmart in a 15 mile radius (1.90M annual visitors) - Nearby national retailers include: Walmart Supercenter, Tractor Supply Co., Kroger, and more NEARBY ECONOMIC DRIVERS - The property is located 0.3 Miles from the Marshall Medical Center - This hospital employs more than 150 employees with over 25 beds for critical access - Down the road from the site is West Hills Elementary School - With over 600 students and more than 200 employees - AAHI exceeds $75K in a 5-mile radius

FOR SALE DETAILS

PRICE

$992,000 USD

PRICE/SF

$1,642 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Scooter's Coffee

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,511 SF

ZONING

-

APN/PARCEL ID

059057O A 04706

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.