5730 Bobby Hicks Highway

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5730 Bobby Hicks Highway

Gray, TN 37615
Asking Price
$3.89M
Cap Rate
6.15%
Asset Type
Storefront Retail
Class
Class B

What's Special

New 10-Year Sherwin-Williams | Investment Grade Credit (BBB) | Tax-Free State <ul><li>​<span style="color: rgba(57, 57, 57, 1)">New 10-year corporate lease to Sherwin-Williams</span></li><li>​<span style="color: rgba(57, 57, 57, 1)">Investment grade credit (S&P: BBB; 5,000 locations)</span></li><li>​<span style="color: rgba(57, 57, 57, 1)">World’s dominant paint brand ($83 billion market cap)</span></li><li>​<span style="color: rgba(57, 57, 57, 1)">New construction - larger commercial prototype</span></li><li>​<span style="color: rgba(57, 57, 57, 1)">Only location serving

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NOI
$80,000
Cap Rate
2.06%
DSCR
0.35
Underwater
Cash-on-Cash
-12.93%
Monthly Payment
$19,226.797
Annual Cash Flow
$-150,721.567

Location & Travel Times