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Storage Park – Dayton 7302 Rhea County Hwy 12,271 SF 100% Leased Retail Building Dayton, TN 37321 $1,700,000 ($138.54/SF) 7.13% Cap Rate
Investment Highlights
- Strong physical occupancy of 94%, and economic occupancy at 89%
- Attractive immediate returns with a going-in 7.13% Cap
- Split-level facility commanding top of market climate rents
- Located only a mile from La-Z-Boy Manufacturing facility in Dayton (1,450+ employees, one of the Southeast’s largest employers)
Executive Summary
Broker of Record
Hutt Cooke
License # 356505, 263667 (TN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Hutt Cooke
License # 356505, 263667 (TN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,271 SF
Year Built/Renovated
1975/2000
Price
$1,700,000
Price Per SF
$138.54
Cap Rate
7.13%
NOI
$121,208
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.67
Lot Size
0.42 AC
Opportunity Zone
Yes
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 090B-A-004.00 | Improvements Assessment | $293,600 |
| Land Assessment | $100,560 | Total Assessment | $394,160 |
Property Taxes
Parcel Number
090B-A-004.00
Land Assessment
$100,560
Improvements Assessment
$293,600
Total Assessment
$394,160
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Storage Park – Dayton | 7302 Rhea County Hwy
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