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741 Hwy 51 N 6,375 SF 67% Leased Retail Building Covington, TN 38019 $425,000 ($66.67/SF) 7.24% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong Traffic Exposure from Highway 51
- Stable Rental Income in Place
- Ample On-Site Parking for Tenants and Customers
EXECUTIVE SUMMARY
NAI Saig Company is pleased to present this prime multitenant retail property offering 6,375 SF of well-designed space in a high-traffic location. Featuring a prominent
pylon sign for maximum visibility, this property provides an excellent opportunity for investors or business owners looking for stable rental income. With easy access from
Highway 51 and ample on-site parking, it’s ideally suited for a variety of retail tenants seeking a strong presence in the area.
Property Currently has 2 Vacancies that can easily be rented to stabilized cash flow. Tenants are on MTM leases at below market rates. Major value add opportunity for the right investor to stabilize the asset. Low Price per Foot entry point.67% Occupied with In place income
pylon sign for maximum visibility, this property provides an excellent opportunity for investors or business owners looking for stable rental income. With easy access from
Highway 51 and ample on-site parking, it’s ideally suited for a variety of retail tenants seeking a strong presence in the area.
Property Currently has 2 Vacancies that can easily be rented to stabilized cash flow. Tenants are on MTM leases at below market rates. Major value add opportunity for the right investor to stabilize the asset. Low Price per Foot entry point.67% Occupied with In place income
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
6,375 SF
Building Class
C
Year Built
1989
Price
$425,000
Price Per SF
$66.67
Cap Rate
7.24%
NOI
$30,770
Percent Leased
67%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
0.53 AC
Opportunity Zone
Yes
Parking
40 Spaces (6.27 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signage
- Drive Thru
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Suite F Available for Lease: 1,025 SF Asking rent per month: $9.95 MG Asking rent per month: $850 Open Area 1 Private Restroom 1 Storage Room Former Hair Salon High Visibility Located on Highway 51
| Space | Size | Space Use | Position | Available |
| Suite F | 1,025 SF | Retail | - | Now |
Suite F
| Size |
| 1,025 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1 of 4
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Suite F
| Size | 1,025 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Suite F Available for Lease: 1,025 SF Asking rent per month: $9.95 MG Asking rent per month: $850 Open Area 1 Private Restroom 1 Storage Room Former Hair Salon High Visibility Located on Highway 51
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 025K-B-001.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $186,120 |
PROPERTY TAXES
Parcel Number
025K-B-001.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$186,120
1 of 5
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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741 Hwy 51 N
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