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2510 N Central Ave
Humboldt, TN 38343
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- LOCATION LOCATION LOCATION
- Exercised first option early in initial term
- Long time tenant
EXECUTIVE SUMMARY
This Check into Cash opened in April 2015. Check into Cash exercised their first option early in Sep 2023 and goes to Sep 30, 2028. Check into Cash has another 5 year option. This is a NN lease (roof and structure). Taxes, insurance, CAM = tenant reimburses. The building is 2,664 square feet that sits on .92 acre. The property has 45 parking spaces. The HVAC was replaced in 2018 (tenant). The building was remolded in 2018. The area has residential, manufacturing, Walmart, banks, Dollar General, McDonalds, AutoZone, restaurants, elementary school, junior high school, high school, park, Dollar Tree, etc in the area that makes this a great location for Check into Cash! Check into Cash is the leading check cashing service company. The yearly rental income is $42,864. The CAP is 8.58% with a sales price of $499,580. Humboldt has around 9,000 people. N Central Ave has around 6,000 vehicles per day.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,664 SF
Building Class
C
Year Built/Renovated
1986/2015
Price
$687,812 CAD
Price Per SF
$258.19 CAD
Cap Rate
8.58%
NOI
$58,981 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.92 AC
Opportunity Zone
Yes
Parking
45 Spaces (16.89 Spaces per 1,000 SF Leased)
Frontage
164’ on Central Ave
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 165J-G-030.03 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $284,553 CAD |
PROPERTY TAXES
Parcel Number
165J-G-030.03
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$284,553 CAD
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