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Main Street Auto 11910 Chapman Hwy 3,086 SF Retail Building Seymour, TN 37865 $3,008,117 CAD ($974.76 CAD/SF) 6.75% Cap Rate
Investment Highlights
- Strong Corporate Guarantee
- Dense Retail Corridor
- Income Tax Free State
- Brand-New Long-Term Triple-Net (NNN) Lease
Executive Summary
Surmount is pleased to present the exclusive listing for a Main Street Auto located at 11910 Chapman Highway, Seymour, TN 378 65. The site consists of roughly 3,086 rentable square feet of building space on an estimated 2.38-acre parcel of land. Main Street Auto subject to a 20-year Triple Net (NNN) lease, which commenced 2/20/2025. The current annual rent is $147,809 and has scheduled increases of 2.00% annually starting 3/1/2031.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
3,086 SF
Building Class
C
Year Built
2000
Price
$3,008,117 CAD
Price Per SF
$974.76 CAD
Cap Rate
6.75%
NOI
$203,048 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
2.38 AC
Zoning
C-2
Frontage
144’ on Chapman Highway
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 057-053.32 | Improvements Assessment | $61,265 CAD |
| Land Assessment | $57,491 CAD | Total Assessment | $118,756 CAD |
Property Taxes
Parcel Number
057-053.32
Land Assessment
$57,491 CAD
Improvements Assessment
$61,265 CAD
Total Assessment
$118,756 CAD
Contacts
-
Edward Otocka -
Francis Purritano -
Walker Stevens -
Glen Kunofsky -
Christopher Marks -
Surmount
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Main Street Auto | 11910 Chapman Hwy
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