Listed by Matthews
$743,380
The Shops at Rogersville (Leasehold Interest)
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 10,013
Units 4
Cap Rate 10%
NOI $74,338
Occupancy 100%
Tenancy Multi
Lease Type NNN
Remaining Term 3
Price per SqFt $74
Year Built 2003
Buildings 1
Investment Type Net Lease
Ground Lease No
Ownership Leasehold Interest
Retail | 10.00% CAP
Marketing description
The Shops at Rogersville is a Walmart shadow-anchored strip center consisting of a fully leased 10,013 SF retail property located in Rogersville. This offering represents a leasehold interest and features NNN leases, providing investors with stable, passive income.
Strategically positioned directly across from Walmart, the property benefits from strong consumer draw generated by a dominant national retailer. The center is located along Highway 66, offering excellent visibility and accessibility within one of the area’s primary retail corridors.
Investment highlights
- 100% Leased Investment Opportunity - Fully leased asset providing immediate, in-place income with no lease-up risk.
- Long-Term Ground Lease | 22 Years Remaining - Approximately 22 years of remaining term, offering stable, predictable cash flow and reduced rollover risk.
- Shadow-Anchored by Walmart - Positioned directly across from Walmart, benefiting from a major national retailer that drives consistent traffic and anchors the surrounding retail corridor.
- Strong Traffic Exposure - Located along Highway 66 with ±15,000 vehicles per day, providing steady visibility and accessibility.
- Established Retail Node in Rogersville - Situated in a primary commercial area serving the local community, with nearby national and regional retailers supporting long-term viability.
- Stable Cash Flow with Existing Tenant - Income supported by an operating tenant already in place, ensuring continuity and ease of ownership.
- Attractive Entry Point for Investors - Ideal for investors seeking a smaller, stable asset in a tertiary market with straightforward operations.
- Long-Term Hold with Upside Potential - Opportunity to maintain consistent income while exploring future upside through lease renewal or repositioning.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$74,338.00
$6,194.83/mo
Valuation Metrics
0
DSCR
10%
Cap Rate
10%
ROI
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