1700 Reelfoot Ave, Union City, TN 38261
sale
$3,950,000
|
Retail
Listed By CENTURY 21 Golden Service Realty & Auction, Inc.
Well located with exceptional access: The Property is strategically located along Reelfoot Ave. (Hwy 51) and across the street from Walmart. The property benefits from great visibility and easy access along the highly trafficked road of Reelfoot Ave (Hwy 51). Great for investors doing a 1031 Exchange.
PROPERTY OVERVIEW
Shopping center in the growing market of Union City, TN. Union City is close to Jackson, TN and Paducah, KY, conveniently located in between Memphis and Nashville, not far from St. Louis, MO and Louisville, KY. The center benefits from a diverse rent roll and sales increase from retail tenants. Proven to be pandemic and recession proof with our national long term tenants: Hibbett Sports, Maurice, T-Mobile, Direct Insurance, H&R Block, Jackson Hewitt, Premier Furniture with U-Haul truck rental. etc.
- STABILIZED INVESTMENTS : With a mix of long term national tenants and local tenants.
- RETAIL SYNERGY : This shopping center greatly benefits from being surrounded by a strong mix of national retailers: Walmart Supercenter, Lowe's Home Improvement, Harbor Freight, Tractor Supply, banks, Shell and Murphy Gas stations, national hotels such as Hampton Inn, Quality Inn, Holiday Express. Next to Taco Bell, Burger King, and McDonald, and more.
- WELL LOCATED : The property has excellent visibility on Reelfoot Avenue. The city's main highway with easy access to I-69, I-24, I-40. Only minutes from Tyson Chicken, Walmart Supercenter, Titan Tire Plant, boat manufacturing plant, the scenic Obion River, and the Discovery America amusement park with a yearly average of 250,000 visitors.
- UPSIDE POTENTIAL : Since the current owner is an absentee out of state owner, with active management and direct marketing, new investors can easily improve this center greatly to serve the community and increase their NOI.
PROPERTY OVERVIEW
Shopping center in the growing market of Union City, TN. Union City is close to Jackson, TN and Paducah, KY, conveniently located in between Memphis and Nashville, not far from St. Louis, MO and Louisville, KY. The center benefits from a diverse rent roll and sales increase from retail tenants. Proven to be pandemic and recession proof with our national long term tenants: Hibbett Sports, Maurice, T-Mobile, Direct Insurance, H&R Block, Jackson Hewitt, Premier Furniture with U-Haul truck rental. etc.
- STABILIZED INVESTMENTS : With a mix of long term national tenants and local tenants.
- RETAIL SYNERGY : This shopping center greatly benefits from being surrounded by a strong mix of national retailers: Walmart Supercenter, Lowe's Home Improvement, Harbor Freight, Tractor Supply, banks, Shell and Murphy Gas stations, national hotels such as Hampton Inn, Quality Inn, Holiday Express. Next to Taco Bell, Burger King, and McDonald, and more.
- WELL LOCATED : The property has excellent visibility on Reelfoot Avenue. The city's main highway with easy access to I-69, I-24, I-40. Only minutes from Tyson Chicken, Walmart Supercenter, Titan Tire Plant, boat manufacturing plant, the scenic Obion River, and the Discovery America amusement park with a yearly average of 250,000 visitors.
- UPSIDE POTENTIAL : Since the current owner is an absentee out of state owner, with active management and direct marketing, new investors can easily improve this center greatly to serve the community and increase their NOI.
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Property Features
- Age: 31-40 Years Old
- Building Area: 70255.00 SF
- Cross Docks: N
- For Auction: N
- Lot Size Desc: 10-20 Acres
- Lot Size In Text: 16.67 Acres
- MLSID: 43644
- Price Upon Request: N
- Property Use: Rental or Investment
- Road Type: City / Town Street
- Sewer: City
- Style: Retail Bldg -Local Strip
- Sublease: N
- Taxes: $43259.00
- Water: City Water
- Year Built: 1988
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