527-531 W Highway 64 - Storefront FOR SALE


Waynesboro, TN 38485
$595,000 USD
310-980-5379
527-531 W Highway 64, Waynesboro, TN for Sale
$595,000 USD
Storefront - FOR SALE
1/2
null | 9.55% Cap Rate

527-531 W Highway 64
Waynesboro, TN 38485


HIGHLIGHTS

  • Two separate structures totaling 21,007 sq. ft
  • Excellent Parking
  • Easy Access and Excellent Exposure from Highway 64 West

OVERVIEW

NAI Nashville Stanton Group in conjunction with NAI Capital Commercial are pleased to offer For Sale a Retail Strip Center anchored by Dollar General located at: 527 – 531 Highway 64 W, Waynesboro, Tennessee 38485. This retail strip center built in 1986, has had Dollar General as the anchor Tenant there since 1991. Through a series of multiple lease extension agreements of either 3- or 5-year terms they still occupy a major section of the Premises and recently executed another Lease Extension Agreement that will extend their tenancy through 8/31/2028 being over 5 years more. This trend of DG constantly renewing their lease shows their loyal commitment to the site. The lease is Guaranteed by Dollar General Corporation that operates over 20,000 stores across the United States.

FOR SALE DETAILS

PRICE

$595,000 USD

PRICE/SF

$40 USD /SF

CAP RATE

9.55%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.06 AC

LAND SF

89,620 SF

ZONING

-

APN/PARCEL ID

077I-A-031.01

ASK ABOUT THIS PROPERTY

Daniel MillerNAI CapitalMore Info
310-980-5379

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Daniel MillerNAI CapitalMore Info
310-980-5379

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