West Towne Plaza

Investment Highlights

VALUE-ADD RETAIL CENTER
• The subject property is a 94 ,152 SF Value-Add retail center located in Sparta,TN
• Average rental rate: $5.15 / Square Foot
• Priced well below replacement cost: $26 / Square Foot

PROFORMA
• Property is offered for sale at $2 ,465,000 which is an 8 .50% Cap on in-place income
• Leasing the vacant space at the average rent in the center would yield an investor a 19.48% Cap Rate
• Good fit for potential Self Storage/Industrial conversion

STABILITY WITH UPSIDE
• The center is priced at an 8 .50% Cap at in-place 56% occupancy
• The tenants in the center have a history of performance and commitment to the center, making the in-place income stable
• Average Tenant Tenure: 13+ Years

WELL LOCATED | STRONG SURROUNDING RETAIL
• Outparcels for the center include McDonalds, Taco Bell, KFC, and Pizza Hut
• New Development: Brand new Tractor Supply has just c ompleted development across the street
• Other surrounding retailers: Walmart, Dollar General, Save-A-Lot, Arby’s, Captain D’s, Sonic
• Across from White County High School

SPARTA, TN
• Sparta is a city in and the c ounty seat of White County, Tennessee
• Centrally located in the Nashville/Chattanooga/Knoxville Triad
• The Calfkiller River flows through the city.
• Seven sites in Sparta are listed on the National Register of Historic Places.