AC Plaza Strip Center

AC Plaza | Covington, TN

Sands Investment Group is Pleased to Present For Sale the AC Plaza Strip Center Located in Covington, Tennessee. This Deal Can be Purchased at a Value Well Below Its Replacement Cost, Providing For a Unique Investment.

  • With an Asking Price of Approximately $53 PSF and In-Place Rents Below Market Levels, This Property Can be Purchased at a Value Well Below Its Replacement Cost
  • The Current Tenants Are Paying Below Market Rents
  • Ford Motor Company Recently Announced Its Plan to Develop a $5.6 Billion Dollar Manufacturing Plant on 3,600 Acres in Close Proximity to the Property; Once Completed in 2025, This Development Will Add 5,800 Jobs and Provide a New Economic Anchor in the Trade Area -Please See Page 14 For More Information
  • Located in a Harbor Freight Anchored Strip Center
  • Located Along the Main Retail Corridor of Covington
  • Gross Lease Tenants Are Currently Monthly; Can be Converted Into Long Term Triple Net (NNN) Leases
  • Two Vacancies Open up the Opportunity For an Owner-User to Move in While Collecting Income From the Other Tenants

In Cooperation With ParaSell, Inc., A Licensed Tennessee Broker – Lic. #264531 BoR: Scott Reid – Lic. TN #347634

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  • Absolute Triple Net Lease with No Landlord Responsibilities
  • Seasoned Wendy’s Franchisee with Over 125 Units
  • 2% Annual Rental Increases
  • Great Owner/User or Potential Re-Development Play
  • Situated on the Main Retail Thoroughfare
  • Good Mix of Surrounding National Tenants
  • Solid Traffic Counts – Over 20,000 VPD
  • In Cooperation with JDS Real Estate Services, Inc. Lic # 332901