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LEXINGTON SHOPPING CENTER 685 W Church St

7,100 SF Retail Building Lexington, TN 38351 $4,209,315 CAD ($593 CAD/SF) 6.35% Cap Rate

Retail Space Tennessee Lexington 685 W Church St, Lexington, TN 38351

INVESTMENT HIGHLIGHTS

  • Corporate Guaranty: Starbucks and T-Mobile are corporately guaranteed with escalation during the base term of the lease.
  • Long Term Leases: Each tenant has signed a New 10-year NNN lease with built in increases and options.
  • Strong Outparcel: The property is outparceled to as Walmart Supercenter, Tractor Supply, AutoZone, McDonald’s, KFC, and others.
  • New Construction: Construction on the building recently finished in Fall 2024 featuring modern prototypes for each tenant.
  • Diverse Tenant Mix: The tenant lineup includes Starbucks, T-Mobile, and Premier Dental, providing both stability and local market appeal.
  • Strong Traffic Counts: Hwy 412 (Church St) see over ±19,650 VPD

EXECUTIVE SUMMARY

Construction on the building recently finished in Fall 2024 featuring modern prototypes for each tenant.
Broker of Record
Hutt Cooke
License No. 263667 (TN)

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Building Size
7,100 SF
Building Class
B
Year Built
2024
Price
$4,209,315 CAD
Price Per SF
$593 CAD
Cap Rate
6.35%
NOI
$267,291 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.76 AC
Parking
20 Spaces (2.82 Spaces per 1,000 SF Leased)

AMENITIES

  • Security System
  • Wheelchair Accessible
  • Air Conditioning
  • Smoke Detector

LINKS

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NEARBY MAJOR RETAILERS

1st Heritage Credit
Anytime Fitness
Simmons Bank
FirstBank

PROPERTY TAXES

Parcel Number 081-030.10 Improvements Assessment $11,292 CAD
Land Assessment $156,613 CAD Total Assessment $167,905 CAD

PROPERTY TAXES

Parcel Number
081-030.10
Land Assessment
$156,613 CAD
Improvements Assessment
$11,292 CAD
Total Assessment
$167,905 CAD
(214) 692-2216

CONTACTS

  • Listing ID: 34162830

  • Date on Market: 2024-12-11

  • Last Updated:

  • Address: 685 W Church St, Lexington, TN 38351

The Retail Property at 685 W Church St, Lexington, TN 38351 is currently available for sale. Contact Matthews Real Estate Investment Services for more information.

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The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

LEXINGTON SHOPPING CENTER | 685 W Church St
(214) 692-2216 x

LEXINGTON SHOPPING CENTER | 685 W Church St

1/5

Clay Smith

(214) 692-2216

(214) 692-2216

Robert Tate

(866) 889-0550

(866) 889-0550

Hutt Cooke

(615) 667-0097

(615) 667-0097

Keegan Mulcahy

(310) 955-1782

(310) 955-1782

Harrison Wachtler

(615) 667-0160

(615) 667-0160

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