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Investment Highlights

  • LOCATION LOCATION LOCATION
  • Exercised first option early in initial term
  • Long time tenant

Executive Summary

This Check into Cash opened in April 2015. Check into Cash exercised their first option early in Sep 2023 and goes to Sep 30, 2028. Check into Cash has another 5 year option. This is a NN lease (roof and structure). Taxes, insurance, CAM = tenant reimburses. The building is 2,664 square feet that sits on .92 acre. The property has 45 parking spaces. The HVAC was replaced in 2018 (tenant). The building was remolded in 2018. The area has residential, manufacturing, Walmart, banks, Dollar General, McDonalds, AutoZone, restaurants, elementary school, junior high school, high school, park, Dollar Tree, etc in the area that makes this a great location for Check into Cash! Check into Cash is the leading check cashing service company. The yearly rental income is $42,864. The CAP is 8.58% with a sales price of $499,580. Humboldt has around 9,000 people. N Central Ave has around 6,000 vehicles per day.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,664 SF
Building Class
C
Year Built/Renovated
1986/2015
Price
$499,580
Price Per SF
$187.53
Cap Rate
8.58%
NOI
$42,840
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.92 AC
Opportunity Zone
Yes
Parking
45 Spaces (16.89 Spaces per 1,000 SF Leased)
Frontage
164’ on Central Ave

Amenities

  • Signage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Not bikeable
10/100

Nearby Major Retailers

Rent One Home Furnishings
Rent-A-Center
Simmons Bank
Waffle House

Property Taxes

Property Taxes

Parcel Number
165J-G-030.03
Land Assessment
$80,000
Improvements Assessment
$126,680
Total Assessment
$206,680
  • Listing ID: 34922824

  • Date on Market: 2/24/2025

  • Last Updated:

  • Address: 2510 N Central Ave, Humboldt, TN 38343

Contact the Sale Advisor

2510 N Central Ave

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