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Chicken Salad Chick-Anchored Strip Center 8699 US 51 North hwy 10,700 SF 100% Leased Retail Building Millington, TN 38053 $7,148,507 CAD ($668.08 CAD/SF) 6.61% Cap Rate
INVESTMENT HIGHLIGHTS
- 2024 Construction, 10,000-SF Strip Center on +/- 1.80 AC Lot
- All leases are for a 10 year base term and are triple-net (NNN), limiting landlord’s out of pocket responsibilities
- Outparcel to a prominent power center that includes major retailers such as TJ Maxx, Hobby Lobby, Aldi, Burlington, ULTA, Pop Shelf, and Skechers.
- 100% leased to national corporate tenants, Chicken Salad Chick, America’s Best Contacts & Eyeglasses, and Mattress Firm.
- Leases come equipped with rental increases every 5 years and at the start of each option period | Additional income from ATM on a 5 year lease
- Proximity to several new developments, including Forked River Commons and popular national brands like LongHorn Steakhouse, Chipotle, & more
EXECUTIVE SUMMARY
100% leased to national corporate tenants, Chicken Salad Chick, America’s Best Contacts & Eyeglasses, and Mattress Firm.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,700 SF
Building Class
B
Year Built
2024
Price
$7,148,507 CAD
Price Per SF
$668.08 CAD
Cap Rate
6.61%
NOI
$472,527 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.01
Lot Size
30.41 AC
Opportunity Zone
Yes
Zoning
A - Commercial
Parking
376 Spaces (35.14 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
CONTACTS
-
Darpan Patel -
Dan Yozwiak -
Frank Simcic -
Paige Bucheit -
Peter Sibicky -
Sam Elyassaki -
Jody McKibben -
Marcus & Millichap
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Chicken Salad Chick-Anchored Strip Center | 8699 US 51 North hwy
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