Calibrate Real Estate is proud to annouce the sale of a NNN-leased property in Robbins, Tennessee. This property has a single tenant under a commercial lease with a 6.60% CAP rate for a high return rate and zero management responsibility for the Owner.
Kyle Malnati represented the Buyer in their 8th transaction over the past decade. Our Client used a 1031 Exchange to upgrade from an apartment building to a NNN Lease. The Seller was represented by Touchstone Commercial Partners.
Location: Robbins, Tennessee
Addresses: 4060 Scott Hwy, Robbins, TN 37852
Sale Date: June 17, 2021
Sale Price: $1,175,000
Price/SF: $127.86 SF
Lot Size: *1.68 acres
Building Size: 9,190 SF
Lease Type: NNN
Year Built: 2016
*Buyer to verify accuracy of square footage*
PROPERTY HIGHLIGHTS:
- 10-Year Absolute Triple Net (NNN) Lease. Corporate Guaranteed Lease
- Tenant Responsible For Maintenance, Taxes, Insurance
- 25 YEARS OF RENEWAL OPTIONS (4 of 5-Yrs) – Rent Increases Throughout
- Guaranteed Lease by Dollar General Corporation
