Market Place Center
Harbor Freight Anchored Center - 8% Cap Rate
Marketing description
Presenting: Market Place Center. A Harbor Freight anchored center, completely remodeled in 2018. There are 4 points of ingress/egress out of the parking lot which has 316 spaces. 2018 traffic counts were around 15,000 cars daily. The center is next door to "The University of Tennessee Southern". The center neighbors a McDonald's and has a potential buildable outparcel with a separate entrance. Strong Pro-forma numbers. $33,603 monthly NOI.
Private Remarks: All new roof in 2019. Parking lot was re-sealed and striped in 2019. Parking lot lights have been converted to LED. All interior build outs were completely new (electrical, plumbing, HVAC etc). Entire structure is sprinkled. The center neighbors McDonald's and has a potential buildable outparcel with a separate entrance.
Investment highlights
- Acres: 7.00 / Tax Record
- Leased: Yes
- Listing Detail: Exclusive Right To Sell - Standard
- Net Income Per Month: $33,603
- Roof: Membrane
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
