6115 Stage Rd, Bartlett, TN, 38134

Highlights

• Price: $1,350,000
• NOI: $101,573.26 (in place)
• Cap Rate: Approximately 7.5%
• Tenancy: 2 tenants; 100% Occupied
• Lease Term: Batteries Plus will execute a new 7 year NNN lease at closing with 2% annual escalations.

Description

NAI Saig Company presents 6115 Stage Road in Bartlett, TN, a 5,600 SF retail center featuring two tenants and 100% occupancy. At closing, Batteries Plus will execute a new 7-year NNN lease with 2% annual escalations, providing strong and stable income for an investor. The property offers upside through a potential rental increase on the 1,500 SF unit upon lease expiration and is ideally located on the hard corner of Stage Center Drive and Stage Road with excellent exposure.

Offered at an attractive 7.5% cap rate in place, the property is priced at $1,350,000, making it a compelling opportunity in a high-demand retail corridor.

Located on the hard corner of Stage Center Drive and Stage Road with excellent exposure

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