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207-231 Mose Dr
Sparta, TN 38583
West Town Plaza · Commerce de détail Propriété À vendre
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Faits saillants de l'investissement
- Built in 1984 and recently redeveloped in 2023 limits capital repairs for an investor during the hold period
- The asset benefits from newly signed long term leases with national tenants
- Sparta’s entire geographic area is designated as an Opportunity Zone offering potential tax benefits for investors
- Situated just off Highway 111 (16,000 VPD), with strong visibility and access, and adjacent to popular fast-food chains
- The offering includes two development sites that can accommodate future retail uses. Initial plans show approximately 3.6 acres of additional land
Résumé de l'annonce
Atlantic Capital Partners has been exclusively engaged to market for sale West Towne Plaza, a premier neighborhood shopping center in Sparta, TN, anchored by newly signed national tenants including Five Below, Bealls, and Shoe Sensation. The 21.1-acre site is ideally situated along Route 111, the primary highway connecting Sparta to Cookeville to the north and Spencer to the south. The center benefits from significant community engagement and ongoing demand for retail space, as demonstrated by the rapid lease-up following redevelopment. Furthermore, the availability of adjacent land parcels and planned outparcel development provide investors with compelling near-term value enhancement opportunities. Totaling 94,152 square feet, West Towne Plaza is presently 100% leased to 12 retail tenants with 5.8 years of weighted average lease term remaining. West Towne Plaza is being offered for sale at a stated list price of $8,200,000. The asset is being offered for sale, free-and-clear of existing debt.
Faits sur la propriété
Type de vente
Investissement
Type de propriété
Commerce de détail
Sous-type de propriété
Boutique
Taille du bâtiment
94 152 pi²
Classe d’immeuble
C
Année de construction
1984
Prix
11 226 374 $ CAD
Prix par pi²
119,24 $ CAD
Taux de capitalisation
7,70%
Revenu net d’exploitation
864 791 $ CAD
Pourcentage loué
100%
Location
Multiples
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,11
Taille du lot
19,10 AC
Zone de développement économique
Oui
Zonage
C-D - Commercial, quartier « X »
Impôts fonciers
| Numéro de lot | 048-019.04 | Évaluation des bâtiments | 753 879 $ CAD |
| Évaluation du terrain | 766 961 $ CAD | Évaluation totale | 1 520 840 $ CAD |
Impôts fonciers
Numéro de lot
048-019.04
Évaluation du terrain
766 961 $ CAD
Évaluation des bâtiments
753 879 $ CAD
Évaluation totale
1 520 840 $ CAD
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