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975 Highway 51 South Covington, TN USA
Covington, TN 38019
Asking Price
$5.15M
Cap Rate
7%
Asset Type
Shopping Center Retail
Class
Class B
What's Special
$71 PSF, Covington, TN - 30-Minutes from $5.6B Ford Blue Oval Plant <ul><li>Headlined By New 10-YR Goodwill Lease, Tractor Supply 6+ Years Remaining, and Bealls, 8 Years Remaining</li><li>Pad Site Development Potential - +11 acre site allowing for the ability to develop the pad site</li><li>45 Minutes NE of Memphis</li><li>Major Renovation TSC completed in 2021, FUSION program, investing capital to reinvigorate the store</li><li>Offered at $71 PSF</li><li>30-Minutes to New Ford Blue Oval Facility, Globally Recognized, $5.6B plant employing close to 6,000 p
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NOI
$80,000
Cap Rate
1.55%
DSCR
0.26
Underwater
Cash-on-Cash
-14.61%
Monthly Payment
$25,479.034
Annual Cash Flow
$-225,748.406
