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Main Street Auto 11910 Chapman Hwy 3,086 SF Retail Building Seymour, TN 37865 $2,189,760 ($709.58/SF) 6.75% Cap Rate
Investment Highlights
- Strong Corporate Guarantee
- Dense Retail Corridor
- Income Tax Free State
- Brand-New Long-Term Triple-Net (NNN) Lease
Executive Summary
Surmount is pleased to present the exclusive listing for a Main Street Auto located at 11910 Chapman Highway, Seymour, TN 378 65. The site consists of roughly 3,086 rentable square feet of building space on an estimated 2.38-acre parcel of land. Main Street Auto subject to a 20-year Triple Net (NNN) lease, which commenced 2/20/2025. The current annual rent is $147,809 and has scheduled increases of 2.00% annually starting 3/1/2031.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
3,086 SF
Building Class
C
Year Built
2000
Price
$2,189,760
Price Per SF
$709.58
Cap Rate
6.75%
NOI
$147,809
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
2.38 AC
Zoning
C-2
Frontage
144’ on Chapman Highway
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 057-053.32 | Improvements Assessment | $44,800 |
| Land Assessment | $42,040 | Total Assessment | $86,840 |
Property Taxes
Parcel Number
057-053.32
Land Assessment
$42,040
Improvements Assessment
$44,800
Total Assessment
$86,840
Contacts
-
Edward Otocka -
Francis Purritano -
Walker Stevens -
Glen Kunofsky -
Christopher Marks -
Surmount
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Main Street Auto | 11910 Chapman Hwy
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