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Marco's Pizza 2375 Parr Ave 1,050 SF Retail Building Dyersburg, TN 38024 $1,032,981 CAD ($983.79 CAD/SF) 6.76% Cap Rate
INVESTMENT HIGHLIGHTS
- Just Under 7 Years Remaining on a a New Ten (10)-Year Absolute Net Lease | Two, 5-Year Renewal Options
- Dyersburg Commons Tenants Include Hobby Lobby, Marshall’s, Old Navy, Ulta Beauty, Five Below, PetSense, Hibbett Sporting Goods, Maurice’s, and more
- 1.5 Miles From Interstate 155 Exit, Seeing 15,000 VPD | Other Surrounding Retailers Include Walmart, Kroger, Lowe’s, Tractor Supply Co, Harbor Freight
- High Quality 2022 Construction With Drive Thru Pickup Window | Franchisee Guaranteed Lease | Outparcel to Dyersburg Commons
- Positioned Along US-51 a Four-Lane Bypass with Dedicated Turns Which Sees Over 19,000 VPD and Troy Road Which Sees Nearly 10,000 VPD
- Dyersburg is the Main Retail, Medical, and Employment Hub for the TN, AR, and MO Tri-State Region
EXECUTIVE SUMMARY
ABSOLUTE NET LEASE | OUTPARCEL TO NATIONALLY ANCHORED POWER CENTER
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,050 SF
Building Class
B
Year Built
2022
Price
$1,032,981 CAD
Price Per SF
$983.79 CAD
Cap Rate
6.76%
NOI
$69,796 CAD
Tenancy
Single
Building Height
1 Story
Lot Size
102.64 AC
Parking
17 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
309’ on Parr Avenue
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 023088 01011 | Improvements Assessment | $114,387 CAD |
| Land Assessment | $53,020 CAD | Total Assessment | $167,407 CAD |
PROPERTY TAXES
Parcel Number
023088 01011
Land Assessment
$53,020 CAD
Improvements Assessment
$114,387 CAD
Total Assessment
$167,407 CAD
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Marco's Pizza | 2375 Parr Ave
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