Shelbyville, TN - Badcock Home Furniture

Description:

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NN leased, freestanding, Badcock Home Furniture & More, investment property located in Shelbyville, Tennessee. The tenant, W.S. Badcock Corporation, has over 4 years of term remaining. The lease is NN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. Badcock Home Furniture & More is one of the largest home furniture retailers in the United States, and the company operates more than 380 stores across 8 states.

The property is strategically located along Madison Street, an arterial thoroughfare that serves over 19,000 vehicles per day. Furthermore, the asset benefits from nearby access to State Highway 64 (82,000 VPD) and State Highway 10 (30,100 VPD), making this an ideal, centralized location with easy commutes. The site benefits from nearby access to multiple national/credit tenants including Kroger, Walgreens, CVS, Dollar General, Goodwill, and more. Strong tenant synergy increases consumer draw to the immediate subject trade area and promotes crossover tenant exposure to the site. Moreover, the asset is positioned among multiple apartment complexes including Davis Estates Apartments (108 units), Bedford Manor (109 units), Park Trail (108 units), and more, providing a direct residential consumer base from which to draw. The 5-mile subject trade area is supported by more than 30,000 residents and 13,000 daytime employees who earn an average household income of more than $72,325.