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150 Sam Walton Dr
Sparta, TN 38583

$3,670,000 USD

Storefront For Sale  •  18,736 SF

Property Details

  • Property Type Storefront
  • Total Building Size 18,736 SF
  • Lot Size 1.48 AC
  • Building Class B
  • Year Built 2004
  • Cap Rate 7.75 %
  • Tenancy Multiple
  • Zoning C-D
0 Transit Score
24 Walk Score

Highlights

NNN, 93% Occupied, Walmart Supercenter Shadow Anchored Center with 85% Nationally Named Tenants | New Roof in 2022 with 15 Year Transferrable Warranty
Highly Attractive Assumable CMBS Debt at 4.88% Interest Rate, Approx. 5 Yrs. of Term Remaining, 30-Yr. Amortization & Yielding Over 10% Year-1 Retur
Successful Tenancy Consistently Exercising Renewals: 82%+ Leased Space has Been Renewed in Past 18-Months (Including All Three Anchor Tenants)
7.75% CAP Rate & Upside Available Through Lease-Up of the Last Remaining Vacancy (7%)| Dynamic Mix of Service-Oriented Retail/Medical, Recession Pro
Growing Community with Average Household Incomes Over $88,000 Within 1-Mile and 15,600+ Vehicles Per Day Directly In Front of Center
Anchored by Well-Known, Tenured National Retailers/Medical: Fast Pace Urgent Care, Verizon, & DaVita/Sparta Dialysis (50% Medical Tenants)

Property Flyers

Financial Summary (Actual)

Net Operating Income: $284,273 USD (2024)
Cap Rate: 7.75 %

Major Tenants

Tenant SF Occupied Lease End Date
DaVita Kidney Care 4,698 SF 11/3/2028
Fast Pace Health 3,600 SF 3/1/2030
Results Physiotherapy 1,050 SF 12/1/2027
Subway 1,400 SF 9/1/2027
Tobacco & Vape 1,302 SF 10/1/2026
Verizon 3,500 SF 7/1/2026
WalMart Supercenter (Shadow Anchor)
World Finance 1,750 SF 5/31/2025

Amenities

  • Banking
  • Corner Lot
  • Dedicated Turn Lane
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Air Conditioning

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 79
Type: Surface
Included in Rent: Yes
Daniel Cooper 440-915-7902 Cooper Commercial Investment Group
Daniel Cooper 440-915-7902 Cooper Commercial Investment Group