805 Pennell Ln - Freestanding FOR SALE


Dyersburg, TN 38024
$2,560,000 USD
404-934-5558
805 Pennell Ln, Dyersburg, TN for Sale
$2,560,000 USD
Freestanding - FOR SALE
1/4
null | 4.3% Cap Rate

805 Pennell Ln
Dyersburg, TN 38024


HIGHLIGHTS

  • Brand new construction with a 20-year ground lease
  • Attractive cost basis with low price point and ground rent
  • Cross access with brand new Zaxby's and Chipotle
  • Regional trade area surrounded by Walmart, Kroger, Hobby Lobby, ULTA, Marshalls, Chick-fil-A and more
  • Proximity to Dyersburg State Community College and West Tennessee Healthcare Dyersburg Hospital (225 beds)
  • Strong daytime population and $116,000+ AHHI within a 1-mile radius

OVERVIEW

TSCG is pleased to offer for sale a brand-new 20-year ALDI ground lease located in Dyersburg, Tennessee. The Property is well-positioned in the city’s dominant retail corridor with strong traffic counts and an exceptional regional draw. The Aldi features a new 20-year ground lease with an attractive low rent and cost basis. ALDI is situated along Lake Road (SR-78) with 22,000+ VPD, less than 0.5 miles from U.S. Hwy 51 and Interstate 155. The property is surrounded by major tenants including Walmart, Kroger, Planet Fitness, Tractor Supply, Chick-fil-A, McDonald’s, Chipotle, Zaxby’s, Lowe’s and The Commons at Dyersburg (Hobby Lobby, Marshalls, Ulta, Five Below), creating a strong retail synergy and consistent consumer traffic. Dyersburg serves as a regional trade area in Northwest Tennessee with a draw exceeding 30 miles. The market benefits from a strong employment base, expanding residential growth, proximity to Dyersburg State Community College and West Tennessee Healthcare Dyersburg Hospital.

FOR SALE DETAILS

PRICE

$2,560,000 USD

PRICE/SF

$1,101 USD /SF

CAP RATE

4.3%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Aldi Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Storefront Retail/Office, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.94 AC

LAND SF

84,506 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

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404-934-5558

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