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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)



Executive Summary
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
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
Huntington Bank operates this location through the legacy Cadence Bank branch network following the merger of Cadence Bank into Huntington. Originally founded in 1876, Cadence Bank expanded into a regional institution with a strong presence across the southeastern United States before joining Huntington Bank. The Tupelo branch at 201 S Spring Street continues to offer full-service retail and commercial banking, including checking and savings accounts, loans, and treasury services. The integration into Huntington Bank brings expanded digital tools, broader lending resources, and increased operational scale while maintaining the relationship-driven service model historically associated with Cadence. As a privately held financial institution, Huntington Bank provides a broad range of consumer, commercial, and wealth management services supported by a multi-state branch network. This location operates as a full-service brick-and-mortar branch serving customers in northeast Mississippi.
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!
Family Dollar is a national discount retail chain headquartered in Chesapeake, Virginia, operating as a subsidiary of Dollar Tree since 2015. The company provides affordable everyday merchandise including household goods, groceries, cleaning supplies, apparel, health and beauty products, and seasonal items. Originally founded in 1959 in Charlotte, North Carolina, Family Dollar expanded rapidly through the Southeast and later nationwide. After its acquisition by Dollar Tree, the corporate headquarters transitioned to Chesapeake, though Family Dollar continues to maintain major operations and a distribution presence in Matthews and Charlotte, North Carolina. The Chesapeake headquarters supports executive leadership, merchandising, supply chain, operations, and administrative functions for thousands of Family Dollar stores across the United States. The brand focuses on neighborhood convenience, operating small-format stores that emphasize essential products at low prices.
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.
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.
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.
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.
Subway is a privately held American quick-service restaurant brand founded in 1965 by Fred DeLuca and Peter Buck in Bridgeport, Connecticut. The company began as Pete’s Super Submarines before adopting the Subway name in 1968 and later expanding through franchising in the 1970s. Its global headquarters operations now include a dual-headquarters structure, with Connecticut serving as the central location for key business functions. The organization relocated its Connecticut headquarters to Shelton, establishing its presence at 1 Corporate Drive as part of a strategic workplace modernization effort. Subway has grown into a major global restaurant brand operating tens of thousands of franchised locations worldwide. The company is owned by Roark Capital Group following its acquisition, and its franchise-based model continues to define its business structure. Over the decades, Subway has emphasized menu evolution and operational adaptation, reflecting changing industry conditions and consumer preferences. The brand remains focused on systemwide consistency and support for its network of franchise operators.
Verizon Communications Inc. is a leading global telecommunications company headquartered at 1095 Avenue of the Americas in New York City. Incorporated in Delaware and founded in 1983 as Bell Atlantic, Verizon has evolved into one of the world’s largest providers of wireless communications, broadband connectivity, digital television, and enterprise technology solutions. Its New York headquarters houses the company’s Board of Directors and serves as the center for strategic planning, finance, legal operations, public affairs, and corporate governance. The broader corporate organization includes an operational headquarters in Basking Ridge, New Jersey, where many executive leadership functions and core business teams are based. With more than 99,000 employees globally, Verizon supports millions of consumers and businesses, including nearly all Fortune 500 companies, with next-generation network infrastructure, 5G mobility, IoT solutions, cloud services, and cybersecurity offerings.
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 | ||
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Finance and Insurance | - | - | - | ||
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Retailer | - | - | - | ||
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Retailer | - | - | - | ||
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Retailer | - | - | - | ||
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Accommodation and Food Services | - | - | - | ||
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Retailer | - | - | - | ||
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Accommodation and Food Services | - | - | - | ||
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Accommodation and Food Services | - | - | - | ||
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Information | - | - | - | ||
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Finance and Insurance | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 106I-A-008.00 | Improvements Assessment | $550,200 |
| Land Assessment | $148,800 | Total Assessment | $699,000 |
Property Taxes
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2038 US Highway 45 Byp
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