Listed by Myers Commercial Real Estate
$1,051,500
2480 Central Ave. Priced to Sell! 8% Cap Absolute Net Lease
Details
Property Type Office, Retail
Sub Type Storefront, Traditional Office
Square Footage 1,500
Cap Rate 8.00%
NOI $84,120
Occupancy 100%
Tenancy Single
Brand/Tenant Advance Financial
Lease Type Absolute NNN
Lease Term 11
Lease Expiration 02/28/2033
Remaining Term 6.7
Price per SqFt $701
Year Built 2018
Buildings 1
Stories 1
Acreage 0.880
Investment Type Net Lease
Lease Commencement 03/01/2022
Advanced Financial in Humboldt, TN | 8% Cap Absolute Net Lease
Marketing description
Priced to Sell! 8% Cap Absolute Net Lease
Advance Financial was founded in 1996 in Nashville, Tennessee, by husband‑and‑wife team Mike and Tina Hodges. Since then, the company has expanded to nearly 100 locations and grown its workforce to more than 1,000 employees. In recent years, Advance Financial has broadened its reach by offering online lending services in over 22 states, extending its impact well beyond its physical storefronts. The company has also earned national recognition, securing a place on the Inc. 5000 list of the fastest‑growing companies for eight consecutive years.
Investment highlights
- Advanced Financial: Strong Tenant with 100+ locations across Tennessee
- 7 years remaining on 11 year lease
- NOI: $84,120.00 with 2% annual increases
- Absolute Net Lease
- Stabilized location with 10 years of operation
Listing Contacts
Listed by Myers Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$84,120.00
$7,010.00/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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