831 Callen NW Ln - Retail FOR SALE


Cleveland, TN 37312
$3,386,737 USD
734-755-6359
831 Callen NW Ln, Cleveland, TN for Sale
$3,386,737 USD
Retail - FOR SALE
1/5
null | 4.75% Cap Rate

831 Callen NW Ln
Cleveland, TN 37312


HIGHLIGHTS

  • EXTREMELY RARE 15 Year Absolute NNN Ground Lease
  • 5% Rental Rate Increases Every 5 Years
  • Across from a Publix Shopping Center (Ranked #5 in TN) & Home Depot
  • Between I-75 & the #5 Ranked Walmart in all of TN for Foot Traffic
  • Just off I-75 S Exit (48,81 ADTC) | On Hard Signalized Corner
  • 5 Mile Population 66,740 | Expected Growth 4.53%

OVERVIEW

Fortis Net Lease is pleased to present this 6,222 SF Firestone Complete Auto Care store located in Cleveland, Tennessee. This extremely rare 15 year Absolute NNN Ground Lease will require zero landlord responsibilities. The lease offers 5% rental rate increases every 5 years including at each of the 5 (5 Year) Options. The store is currently under construction with rent start & store opening on track for June 2026. This Firestone benefits from a convenient location just off the I-75 South Exit (48,871 ADTC) and excellent visibility as it is located on the hard corner of Paul Huff Parkway NW (28,781 ADTC) & Mouse Creek Rd NW (11,086 ADTC). It sits on a dense retail corridor across from a Home Depot and Publix (Ranking #5 in all of TN for foot traffic), and on down the road from Walmart (Also ranking #5 in all of TN for foot traffic!) & Bradley Square Mall. The 5 mile population from the site is 66,740. The 1 mile household income is $108,105. This area is seeing a steady growth in population with the 5 mile growth rate at 4.53%. This investment will offer a new owner continued success due to the strength and proven profitability of the tenant. List price reflects a 4.75% cap rate based on NOI of $160,870. Instate Broker of Record: Brian Brockman | Bang Realty

FOR SALE DETAILS

PRICE

$3,386,737 USD

PRICE/SF

$544 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Firestone Complete Auto Care - TN

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,431 SF

ZONING

Commercial

APN/PARCEL ID

034I-F-009.00

ASK ABOUT THIS PROPERTY

Bryan BenderFortis Net LeaseMore Info
734-755-6359

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Bryan BenderFortis Net LeaseMore Info
734-755-6359

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