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831 Callen Ln NW
Cleveland, TN 37312
Asking Price
$3.39M
Cap Rate
4.75%
Asset Type
Auto Shop Retail
Class
Class B
What's Special
Retail | 4.75% CAP | 6,222 SqFt <ul><li>EXTREMELY RARE 15 Year Absolute NNN Ground Lease</li><li>No Landlord Responsibilities</li><li>5% Rental Rate Increases Every 5 Years</li><li>Five (5 Year) Options Each | 5% Rent Increase at Each</li><li>Across from a Publix Shopping Center (Ranked #5 in TN) & Home Depot</li><li>Between I-75 & the #5 Ranked Walmart in all of TN for Foot Traffic!</li><li>Just off I-75 S Exit (48,81 ADTC) | On Hard Signalized Corner</li><li>Paul Huff Parkway NW - 28,781 ADTC</li><li>Mouse Creek Rd
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NOI
$80,000
Cap Rate
2.36%
DSCR
0.40
Underwater
Cash-on-Cash
-11.92%
Monthly Payment
$16,755.727
Annual Cash Flow
$-121,068.722
