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114 N Church St 13,762 SF Office Building Waverly, TN 37185 $712,425 CAD ($51.77 CAD/SF) 6.30% Cap Rate
Investment Highlights
- Right in the heart of Waverly, Tennessee
Executive Summary
114 N. Church Street, Waverly, Tennessee 37185 - Multi-Tenant Commercial Property Invest in the bustling heart of downtown Waverly with this fully leased multi-tenant commercial building. The property boasts a solid income stream from three long-term commercial tenants and a storage unit. With two anchor tenants locked into 10-year leases, this investment provides remarkable income stability, complete with annual CPI-adjusted escalations ensuring inflation protection. The meticulously structured leases offer rising income potential, with Suite A set to ramp up monthly rates in 2026 and both anchor tenants set for regular escalations ahead. Featuring a current stabilized NOI of around $33,200/year and a promising cap rate of 6.3%, this property offers a lucrative investment opportunity with no lease-up risk. Benefit from a secure income stream from day one and capitalize on the property's poised income growth. Don't miss this chance to own a fully leased and stabilized asset in a prime location. Mini-splits were added throughout the main building in 2020, and the roof was resurfaced on the main building in 2020 and is under warranty. A warehouse behind the main building offers 1,800 sqft of additional space. If you are looking for a space that offers convenience, this property delivers with ample on-street parking for clients and visitors. Don't miss out on this opportunity to be part of the growing downtown Waverly community! Both properties are also listed separately 114 N church st. MLS# 2794152 and 106 W Rogers St MLS# 2794736.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
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| Other Income |
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| Vacancy Loss |
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| Effective Gross Income |
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| Net Operating Income |
$99,999
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$9.99
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Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
13,762 SF
Building Class
B
Year Built/Renovated
1910/2000
Price
$712,425 CAD
Price Per SF
$51.77 CAD
Cap Rate
6.30%
NOI
$44,883 CAD
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,881 SF
Building FAR
1.58
Lot Size
0.20 AC
Zoning
Commercial - Commercial
Amenities
- Restaurant
- Central Heating
- High Ceilings
- Reception
- Shower Facilities
- Hardwood Floors
- Air Conditioning
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Property Taxes
| Parcel Number | 064H-G-002.00 | Improvements Assessment | $176,349 CAD |
| Land Assessment | $24,935 CAD | Total Assessment | $201,284 CAD |
Property Taxes
Parcel Number
064H-G-002.00
Land Assessment
$24,935 CAD
Improvements Assessment
$176,349 CAD
Total Assessment
$201,284 CAD
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114 N Church St
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