Henderson Retail Center

111 Whitley Ave, Henderson, TN

$1,221,510

Price

8.25%

Cap Rate

$100,774.60

NOI

Overview
Cap Rate
8.25%
NOI
$100,774.60
Building Size
26,005 sqft
Lot Area
2.62 acres
Occupancy
100%
Units
6
Year Built
2000
Description

Great investment opportunity with upside. 26,005 sf retail center with national and local tenants. Tenants include a grocery and general store.

Retail Center is conveniently located one block east of the intersection of US Highway 45 and West Main Street on the corner of West Main Street and Whitley Ave.

Public electric, water, sewer.

Public Utility

Public Utility

Highlights
  • Retail strip center located one block from US Highway 45 and 12,405 VPD
  • Anchored by Family Dollar grocery concept
  • Rents under market rate
  • As-Is Cap Rate of 8.25%, Cash-on-Cash of 10.1%
  • Proforma Cap Rate of 10.19%, Cash-on-Cash of 18%
Location