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2038 US Highway 45 Byp 94,630 SF 100% Leased Retail Building Trenton, TN 38382 $5,950,000 ($62.88/SF)

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EXECUTIVE SUMMARY

Charles Hawkins Co. is pleased to bring to market 2038 Highway 45 Bypass, Trenton, TN. This is a rare value-add retail asset totaling ±94,630 square feet across multiple buildings on ±12.88 acres in the heart of Trenton, TN.
The retail center has been anchored by Food Rite, the only grocery store in Trenton, since 1989. It benefits from stable occupancy with many longstanding tenants with 20+ years in the shopping mall. The offering includes additional land with outparcel potential.
Optimally positioned along Hwy 45 Bypass, the property benefits from consistent visibility and accessibility.
At 97% occupancy with stable tenancy, the combination of reliable cash flow and upside potential makes this retail center a strong investment opportunity.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Building Size
94,630 SF
Building Class
C
Year Built
1974
Price
$5,950,000
Price Per SF
$62.88
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
12.11 AC
Parking
600 Spaces (7.59 Spaces per 1,000 SF Leased)

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Finance and Insurance
  • -
  • -
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Cadence Bank (NYSE: CADE) is a leading regional banking franchise. Cadence provides consumers, businesses and corporations with a full range of innovative banking and financial solutions. Services and products include consumer banking, consumer loans, mortgages, home equity lines and loans, credit cards, commercial and business banking, treasury management, specialized lending, asset-based lending, commercial real estate, equipment financing, correspondent banking, SBA lending, foreign exchange, wealth management, investment and trust services, financial planning, retirement plan management, and personal and business insurance. Cadence is committed to a culture of respect, diversity and inclusion in both its workplace and communities.

  • Retailer
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Factory Connection specializes in providing the latest fashion apparel for customers in small to medium size markets. With stores in many states and growing rapidly, Factory Connection is a destination shopping experience for many of their customers. Factory Connection offers a wide selection of brand name fashions for Juniors, Misses, Plus, Men’s, Accessories, and shoes. Most locations also feature Home Décor. Buying from the industry’s leading fashion manufacturers allows Factory Connection to offer name brand and specialty store fashions at prices that are below regular retail. Because they ship new merchandise frequently – sometimes based on special limited-quantity purchases – their customers know the more they shop, the more they'll find! They provide the opportunity to find the latest fashions at the right price, offering a great shopping experience!

  • Retailer
  • -
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  • -

Family Dollar is a neighborhood-focused retailer committed to providing everyday essentials at affordable prices. With merchandise typically ranging from $1 to $10, Family Dollar offers a wide selection of competitively priced national brands alongside value-driven private labels. Customers can find food and beverages, paper goods, health and beauty products, pet supplies, home décor, apparel, seasonal items, and personal electronics—all in one convenient location. Family Dollar stores are strategically located in communities across the country, including underserved areas often lacking access to affordable retail options. By placing stores in these neighborhoods, Family Dollar helps improve the availability of essential goods while saving customers time and money. The company’s mission is rooted in delivering value, convenience, and reliability to families seeking quality products on a budget.

  • Retailer
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Health Mart is a national network of independently owned and operated pharmacies across the United States. Each location is locally managed, allowing pharmacists to tailor services and products to meet the specific needs of their communities. The brand emphasizes personalized care, accessibility, and a commitment to wellness. Health Mart pharmacies offer a wide range of services including prescription fulfillment, immunizations, health screenings, and over-the-counter products. As a subsidiary of McKesson Corporation, Health Mart supports its members with tools and resources to enhance patient care and business operations. The network continues to grow by empowering local pharmacists to deliver trusted, community-focused healthcare.

  • Accommodation and Food Services
  • -
  • -
  • -

Behind McDonald’s Golden Arches is a global community of crew, farmers, suppliers, franchisees, and countless others who make up who they are as a brand. It’s the entire McFamily that makes McDonald’s what it is today and what it’s been for many years. Across McDonald’s business, they strive to lift up the communities they are in. McDonald’s does it through their purpose, to feed and foster communities. McDonald’s does it through their growth pillars, which focus on integral areas of their business. McDonald’s does it through their leadership, with a team that will move their brand forward.

  • Retailer
  • -
  • -
  • -

Merle Norman Cosmetics is a privately held cosmetics company founded in 1931 in Santa Monica, California by Merle Nethercutt Norman. The company began with three core products—Cleansing Cream, Miracol, and Powder Base Foundation—formulated in Norman’s kitchen. It quickly expanded into a franchise model, empowering women to own and operate studios across the U.S. and Canada. Today, Merle Norman develops, manufactures, and distributes its own line of skincare and color cosmetics from its headquarters in Los Angeles. The company operates independently owned studios and maintains a strong presence in North America and select international markets.

  • Accommodation and Food Services
  • -
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Pizza Pro was founded in 1985 by Scott Stevens in Jacksonville, Arkansas. Beginning with one store, Mr. Stevens began opening several locations. Eventually, leading to his decision to franchise in 1992. Their company’s goal is to offer the highest quality food product and customer satisfaction at the best possible price. Pizza Pro is a franchise chain with hundreds of Carry-Out, Drive-Thru, Dine In, and Delivery locations in several states and is focused on the needs of our individual franchisees and their communities. Their company is a grass roots organization helping meet the needs of their community with involvement in local schools, non-profit organizations, and community service projects. Pizza Pro is continually growing while making sure that their Franchisees as well as their customers are taken care of in the best possible way.

  • Accommodation and Food Services
  • -
  • -
  • -

Subway® is simply the better choice for freshly made, convenient, and affordable food. For a reason, they are one of the world’s largest restaurant brands, serving up a crave-able menu with better options to their millions of fans, every day. Whether it’s their bread baked fresh daily, new flavorful signature subs or their classic fan favorites made fresh to order, Subway® delivers a quality, delicious meal that people can feel good about. The Subway® story began in 1965 when Fred DeLuca asked his family friend, Dr. Peter Buck, a nuclear physicist, for advice on how to pay his college tuition. With an idea to open a submarine sandwich shop and an initial investment from Dr. Buck, the two formed a business partnership that would ultimately change the landscape of the quick-service restaurant industry.

  • Information
  • -
  • -
  • -

Verizon Communications is a publicly traded telecommunications company (NYSE:?VZ) headquartered in New York City, with its operational hub located in Basking Ridge, New Jersey. Founded in 1983 through the Bell Atlantic merger, Verizon delivers diverse services including wireless voice and data, broadband (Fios), and enterprise solutions. It operates an authorized retail store in Bordentown, NJ, located at 276B Dunns Mill Road, offering wireless devices, plans, and home internet services. As of 2024, Verizon employed approximately 99,600 people and reported annual revenues around $135 billion. In October 2025, Daniel H. Schulman, former CEO of PayPal, succeeded Hans Vestberg as CEO and is leading a strategic restructuring, including workforce reductions and integration of the Frontier Communications acquisition. Verizon is a major player in 5G and fiber deployment and is included in the Dow Jones Industrial Average.

  • Finance and Insurance
  • -
  • -
  • -

For the past several decades, World Finance has been helping people realize their financial goals by offering fixed rate and payment loan solutions. With branches nationwide, they are part of the communities in which they serve. Their branches are staffed with friendly, knowledgeable team members who live and work right in their town. They understand clients' needs and are available to meet with them one-on-one to discuss their loan options. When clients need to borrow money, World Finance is there as a financial neighbor clients can rely on and trust. Since 1962, they’ve been committed to helping their neighbors thrive and grow by supporting their financial needs. With them, clients get the strength of a national financial institution and the personal services of local neighborhood branches. It’s one of the top reasons millions of customers choose them.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Finance and Insurance - - -
Retailer - - -
Retailer - - -
Retailer - - -
Accommodation and Food Services - - -
Retailer - - -
Accommodation and Food Services - - -
Accommodation and Food Services - - -
Information - - -
Finance and Insurance - - -

NEARBY MAJOR RETAILERS

Regions Bank
Ymca

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
106I-A-008.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$699,000
  • Listing ID: 38223717

  • Date on Market: 10/27/2025

  • Last Updated:

  • Address: 2038 US Highway 45 Byp, Trenton, TN 38382

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