741 Hwy 51 N - Storefront FOR SALE


Covington, TN 38019
$425,000 USD
901-526-3100
741 Hwy 51 N, Covington, TN for Sale
$425,000 USD
Storefront - FOR SALE
1/4
null | 7.24% Cap Rate

741 Hwy 51 N
Covington, TN 38019


HIGHLIGHTS

  • Strong Traffic Exposure from Highway 51
  • Ample On-Site Parking for Tenants and Customers
  • Stable Rental Income in Place

OVERVIEW

NAI Saig Company is pleased to present this prime multitenant retail property offering 6,375 SF of well-designed space in a high-traffic location. Featuring a prominent pylon sign for maximum visibility, this property provides an excellent opportunity for investors or business owners looking for stable rental income. With easy access from Highway 51 and ample on-site parking, it’s ideally suited for a variety of retail tenants seeking a strong presence in the area. Property Currently has 2 Vacancies that can easily be rented to stabilized cash flow. Tenants are on MTM leases at below market rates. Major value add opportunity for the right investor to stabilize the asset. Low Price per Foot entry point.67% Occupied with In place income

FOR SALE DETAILS

PRICE

$425,000 USD

PRICE/SF

$54 USD /SF

CAP RATE

7.24%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

CROSS STREETS

Harris Ave

LAND ACRES

0.53 AC

LAND SF

22,921 SF

ZONING

-

APN/PARCEL ID

025K-B-001.00

ASK ABOUT THIS PROPERTY

Brian CaliffNAI Saig CompanyMore Info
901-526-3100

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Brian CaliffNAI Saig CompanyMore Info
901-526-3100

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