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Shopping Regional

New Construction Power Center | Best in Class Tenants | National Credit Tenant Anchored Center

390 Highway 51 Bypass, Dyersburg, TN 38024

Listing Price: $19,453,308

Cap Rate
6.65%
Gross SF
131,060
Rentable SF
131,060
Price/Gross SF
$148.43
Lot Size
22.40 acres
Year Built
2020

Investment Overview

Marcus and Millichap is pleased to present The Commons of Dyersburg, a 130,660-square foot Hobby Lobby anchored power center – located in Dyersburg, TN. The Subject Property was constructed in 2020 and is positioned on approximately 22.4-acres with great visibility and multiple points of ingress/egress. The Center is fully occupied with the majority of tenants signing a 10-year lease with 100 percent of the GLA reimbursing triple-net expenses. The Commons of Dyersburg features an attractive tenant roster with the likes of Hobby Lobby, Marshall’s, Old Navy, and Five Below. The Center is located within the main retail corridor and benefits from monument signage on U.S.-51 a four-lane bypass which carries over 19,000 vehicles per day and Troy Road which carries nearly 10,000 vehicles per day. The city of Dyersburg is the county seat of Dyer County and is located northwest Tennessee. Dyersburg serves as the TN, AR, and MO tri-state regions main retail, medical, and entertainment hub. This provides the Subject Property with a trade area that covers nearly 40-miles in every direction. The strong nationally recognized tenant roster, little to no near-term roll-over risk, and prime location ensures The Commons of Dyersburg will be a dominant shopping center for decades to come.

Investment Highlights

  • 100% Occupied Hobby Lobby Anchored Power Center | 131,060-Square Foot | New 2020-2021 Construction
  • Strong Mix of National Corporate Tenants | Major Tenants Include: Marshall's, Old Navy, Ulta Beauty, Five Below, PetSense, Hibbett Sporting Goods, Maurice's, Rack Room Shoes, and Bath and Body Works
  • 100% Percent Triple-Net Lease Structures | Tenants Reimburse 100% of Taxes, Insurance, and CAM | 97% Percent of Total GLA is Leased Through Year 2031
  • Prime Location within Main Retail Corridor | Excellent Visibility | Multiple Points of Ingress/Egress | Ample Parking | Positioned Along U.S.-51 a Four-Lane Bypass with Dedicated Turns Which Sees Over 19,000 VPD and Troy Road Which Sees Nearly 10,000 VPD
  • Surrounding Retailers Include Walmart, Kroger, Lowe's, Tractor Supply Co, Harbor Freight Tools, Dollar Tree, and CVS
  • Just Over One-Mile from I-155 and Just Under Three-Miles from U.S.-412 Providing Convenient Access from the Surrounding Communities
  • Dyersburg is the Main Retail, Medical, and Employment Hub for the TN, AR, and MO Tri-State Region |
  • County Seat of Dyer County | Just 50-Miles from Jackson and 75-Miles Northeast of Downtown Memphis | Tennessee is an Income Tax-Free State

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Financing By

Shopping Regional

New Construction Power Center | Best in Class Tenants | National Credit Tenant Anchored Center

Listing Price: $19,453,308

Cap Rate
6.65%
Gross SF
131,060
Rentable SF
131,060
Price/Gross SF
$148.43
Lot Size
22.40 acres
Year Built
2020

Investment Highlights

  • 100% Occupied Hobby Lobby Anchored Power Center | 131,060-Square Foot | New 2020-2021 Construction
  • Strong Mix of National Corporate Tenants | Major Tenants Include: Marshall's, Old Navy, Ulta Beauty, Five Below, PetSense, Hibbett Sporting Goods, Maurice's, Rack Room Shoes, and Bath and Body Works
  • 100% Percent Triple-Net Lease Structures | Tenants Reimburse 100% of Taxes, Insurance, and CAM | 97% Percent of Total GLA is Leased Through Year 2031
  • Prime Location within Main Retail Corridor | Excellent Visibility | Multiple Points of Ingress/Egress | Ample Parking | Positioned Along U.S.-51 a Four-Lane Bypass with Dedicated Turns Which Sees Over 19,000 VPD and Troy Road Which Sees Nearly 10,000 VPD
  • Surrounding Retailers Include Walmart, Kroger, Lowe's, Tractor Supply Co, Harbor Freight Tools, Dollar Tree, and CVS
  • Just Over One-Mile from I-155 and Just Under Three-Miles from U.S.-412 Providing Convenient Access from the Surrounding Communities
  • Dyersburg is the Main Retail, Medical, and Employment Hub for the TN, AR, and MO Tri-State Region |
  • County Seat of Dyer County | Just 50-Miles from Jackson and 75-Miles Northeast of Downtown Memphis | Tennessee is an Income Tax-Free State

Investment Overview

Marcus and Millichap is pleased to present The Commons of Dyersburg, a 130,660-square foot Hobby Lobby anchored power center – located in Dyersburg, TN. The Subject Property was constructed in 2020 and is positioned on approximately 22.4-acres with great visibility and multiple points of ingress/egress. The Center is fully occupied with the majority of tenants signing a 10-year lease with 100 percent of the GLA reimbursing triple-net expenses. The Commons of Dyersburg features an attractive tenant roster with the likes of Hobby Lobby, Marshall’s, Old Navy, and Five Below. The Center is located within the main retail corridor and benefits from monument signage on U.S.-51 a four-lane bypass which carries over 19,000 vehicles per day and Troy Road which carries nearly 10,000 vehicles per day. The city of Dyersburg is the county seat of Dyer County and is located northwest Tennessee. Dyersburg serves as the TN, AR, and MO tri-state regions main retail, medical, and entertainment hub. This provides the Subject Property with a trade area that covers nearly 40-miles in every direction. The strong nationally recognized tenant roster, little to no near-term roll-over risk, and prime location ensures The Commons of Dyersburg will be a dominant shopping center for decades to come.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

Financing By

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