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1205-1213 Louisville Hwy 14,340 SF 100% Leased Retail Building Goodlettsville, TN 37072 $925,000 ($64.50/SF) 9.58% Cap Rate

INVESTMENT HIGHLIGHTS

  • 9.5%+ CAP
  • Below-market rent
  • 100% occupied
  • High visibility on busy road

EXECUTIVE SUMMARY

VALUE-ADD STRIP CENTER!
- 100% leased
- Rental growth upside
- Great location
- High visibility
Please message us for NDA

PROPERTY FACTS

Sale Type
Investment
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
14,340 SF
Building Class
C
Year Built
1960
Price
$925,000
Price Per SF
$64.50
Cap Rate
9.58%
NOI
$88,578
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.19
Lot Size
1.76 AC
Zoning
Commercial - Commercial
Parking
30 Spaces (2.14 Spaces per 1,000 SF Leased)
Frontage
281’ on Highway 31 Hwy

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Giancana and Hager
  • Professional, Scientific, and Technical Services
  • 1,400 SF
  • -
  • Modified Gross
  • Sep 2024
  • Hanusia
  • Retailer
  • 1,860 SF
  • -
  • Modified Gross
  • Apr 2029
  • Happy Puppy
  • Retailer
  • 2,000 SF
  • -
  • Modified Gross
  • Jan 2025
  • Tire
  • Transportation and Warehousing
  • 8,800 SF
  • -
  • Modified Gross
  • Jan 2027
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Giancana and Hager Professional, Scientific, and Technical Services 1,400 SF - Modified Gross Sep 2024
Hanusia Retailer 1,860 SF - Modified Gross Apr 2029
Happy Puppy Retailer 2,000 SF - Modified Gross Jan 2025
Tire Transportation and Warehousing 8,800 SF - Modified Gross Jan 2027
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PROPERTY TAXES

Parcel Number 121-157.00 Improvements Assessment $146,360
Land Assessment $36,400 Total Assessment $182,760

PROPERTY TAXES

Parcel Number
121-157.00
Land Assessment
$36,400
Improvements Assessment
$146,360
Total Assessment
$182,760
(630) 853-7674

Still interested?

Contact the broker for more information about this property

CONTACT

  • Heather Devermann
    Heather Devermann

  • Listing ID: 37902883

  • Date on Market: 6/18/2024

  • Last Updated:

  • Address: 1205-1213 Louisville Hwy, Goodlettsville, TN 37072

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(630) 853-7674

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