210 Cherokee Park Dr - Freestanding FOR SALE


Elizabethton, TN 37643 | 
$2,109,000 USD
508-272-0585
210 Cherokee Park Dr, Elizabethton, TN for Sale
$2,109,000 USD
Freestanding - FOR SALE
1/7
null | 6.35% Cap Rate

210 Cherokee Park Dr
Elizabethton, TN 37643


HIGHLIGHTS

  • INVESTMENT-GRADE CORPORATE TENANT | S&P BBB / MOODY’S BAA1
  • 17-YEAR OPERATING HISTORY | DEMONSTRATED SITE COMMITMENT
  • EXCEPTIONAL LOW RENT BASIS | $3.66 PSF
  • DOMINANT RURAL MARKET POSITION | NO DIRECT COMPETITION
  • RECESSION-RESILIENT TENANT | CUE PRODUCT DEMAND
  • LARGEST RURAL LIFESTYLE RETAILER | EXPANDING NATIONAL FOOTPRINT

OVERVIEW

Atlantic Capital Partners has been exclusively engaged to offer for sale the Tractor Supply Company located at 210 Cherokee Park Drive in Elizabethton, Tennessee, a 30,500-square-foot net lease investment positioned within the Tri-Cities region. The property is leased to Tractor Supply Company and D&K Tax Service under a NN lease structure with limited landlord responsibilities for roof and structure only, providing investors with durable income backed by an investment-grade corporate guaranty from one of the nation’s leading rural lifestyle retailers, as well as a long-standing service oriented tenant in D&K. Tractor Supply has successfully operated from this location since 2008, demonstrating a long-term commitment to the site and surrounding trade area. The lease has approximately 6.6 years remaining with an exceptionally low rental rate of just $3.66 PSF, creating attractive renewal economics while 5% rent increases throughout each option period provide embedded long-term income growth. Strategically located along the primary commercial corridor serving Elizabethton and the broader Tri-Cities region, the property benefits from strong regional retail demand, limited direct competition, and a loyal customer base supported by Northeast Tennessee’s agricultural economy. Combined with Tractor Supply’s proven operating history and below-market occupancy cost, the offering presents an attractive opportunity for long-term net lease investors.

FOR SALE DETAILS

PRICE

$2,109,000 USD

PRICE/SF

$69 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tractor Supply

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Garden Center, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

106

LAND DETAILS

LAND ACRES

3.33 AC

LAND SF

145,055 SF

ZONING

C

APN/PARCEL ID

041A-A-013.01,041A-A-016.08

ASK ABOUT THIS PROPERTY

Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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