Listed by CCH Properties, LLC
$595,000
600 Decatur Pike
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 6,300
Net Rentable (SqFt) 6,300
Units 6
Cap Rate 5.34%
NOI $31,785
Occupancy 83%
Tenancy Multi
Lease Type Modified
Pro-Forma Cap Rate 10.14%
Pro-Forma NOI $60,353
Price per SqFt $94
Broker Co-Op Yes
Year Built 1987
Buildings 1
Stories 1
Acreage 0.790
Investment Type Value Add
Sale Condition For sale by owner
Retail | 6,300 SqFt
Marketing description
Well positioned retail/ office strip center located on Decatur Pike in Athens, TN with long term tenants including Kinsmith Finance & Randstad. Currently one vacancy. Good location and opportunity to owner-occupy the vacant space or for an investor to bring current leases up to market rent at renewal.
Investment highlights
Below market rents with an opportunity to improve cash flow
Primary commercial corridor in Athens
Priced well below replacement cost
Listing Contacts
Listed by CCH Properties, LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$31,785.00
$2,648.75/mo
Valuation Metrics
0
DSCR
5.34%
Cap Rate
5.34%
ROI
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