Main Street Auto 11910 Chapman Hwy 3,000 SF Retail Building Seymour, TN 37865 $2,111,429 ($703.81/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New, Long-Term, 20-Year Absolute Triple Net (NNN) Lease
- Corporate Guarantee
- Attractive Rental Increases | The lease features 2.00% rental increases annually starting year 6.
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Main Street Auto located at 11910 Chapman Highway, Seymour, Tennessee 37865. The site consists of roughly 3000 rentable square feet of building space on an estimated 2.38-acre parcel of land. This Main Street Auto is subject to a 20-year Triple Net (NNN) lease, which commenced 12/17/2024. The current annual rent is $147,800 and has scheduled increases of 2.00% Annually Starting Year 6.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
3,000 SF
Building Class
C
Year Built
2000
Price
$2,111,429
Price Per SF
$703.81
Cap Rate
7%
NOI
$147,800
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
2.38 AC
Parking
14 Spaces (4.67 Spaces per 1,000 SF Leased)
Frontage
144’ on Chapman Highway
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 057-053.32 | Improvements Assessment | $44,800 |
| Land Assessment | $42,040 | Total Assessment | $86,840 |
