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Browse More Listings in Shopping Center For Sale, Paris, TN or Tennessee

Shopping Center For Sale

Paris Shopping Center

1047 Mineral Wells Avenue, Paris, TN 38242

Price:
$1,900,000
Gross Leasable Area:
55,085 SF
Price/SF:
$34.49
Property Type:
Shopping Center
Property Sub-type:
Strip Center
Additional Sub-types:
Street Retail
Retail (Other)
Neighborhood Center
Property Use Type:
Investment
Commission Split:
2%
Cap Rate:
6.80%
Occupancy:
53%
Tenancy:
Multiple
Lot Size:
10.50 AC
Find Out More...

Last Verified 11/3/2009 Listing ID 15688616

Description

Shadow anchored by a Kroger Grocery Store.
HIGH VACANCY!!! SIGNIFICANT UPSIDE!!!
Mineral Wells Avenue is the major retail hub of Paris, TN. Neighboring tenants include Wal-Mart, Lowe's, Tractor Supply, and other national tenants.

Financial Summary

Actual
Net Operating Income
$129,116

Map of 1047 Mineral Wells Avenue, Paris, TN 38242 (Henry County)

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Presented by

Norman Bobrow & Co, Inc.

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Contact Listing Broker

Zev Bobrow (212) 682-9828

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Created 4/30/2008

Additional Information for 1047 Mineral Wells Avenue, Paris, TN 38242

Active For Sale - 1 Listing
Active For Lease - 1 Listing
Previously Listed - 2 Historic Listings
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

Comparable Properties for 1047 Mineral Wells Avenue, Paris, TN 38242

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1047 Mineral Wells Avenue
$5.00/SF/Year
1,400 - 9,500 SF

Nearby Recently Sold Shopping Center propertiesSearch all recently sold commercial real estate

Community Center
Sold 1Q 2006

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Shopping Center Property For Sale - Paris Shopping Center

1047 Mineral Wells Avenue, Paris, TN, 38242