Aaron’s Shelbyville, TN
516 N Main St, Shelbyville, Tennessee 37160
$754,250
$37 / sq ft 6.36% cap rate Listed Aug 16, 2024
20,346 sqft
Building
1962
Built
1
Stories
12
Parking
1
Units
About this property
Aaron’s Shelbyville, TN is a retail for sale in Shelbyville, Tennessee, listed at $754,250. Key details: year built 1962, building size 20,346 sqft, stories 1, parking spaces 12. Listed by Eric Vu of Anchor Point Capital on LoopingCloud and last updated August 17, 2026.
Original 15 Year Lease; Recent 4 Year Extension Bite Sized Deal in Downtown Shelbyville, TN Corporate Guaranty from Aarons: Public Company (NYSE: AAN) 1,300+ locations throughout the United States Absolute NNN; Zero Landlord Responsibilities 10% Increases in Each Option of the Two Remaining 2 Yr Option Periods Tenant Completed Exterior Renovations in 2022 Significantly Below Market Rent; Tenant Currently Paying $2 PSF Annually Low Cost Basis and Price PSF of $30
Key highlights
- Over 22,000 Cars per Day on Main Street
Lending Opportunities
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Property details
Key facts
- Year Built
- 1962
- Building Size
- 20,346 sqft
- Stories
- 1
- Parking Spaces
- 12
- Total Units
- 1
- Occupancy
- 100%
- Property Status
- Normal Sale
- Building Status
- Existing
Pricing details
- Net Operating Income
- $48,000
- Financing
- Third Party Financing
- Investment Property
- Active investment property
- Business Price Included
- Yes
Investment snapshot
6.36%
Cap rate
$48,000
Net operating income
$37
Price per sq ft
Actual - Cash Flow
Source: Yearly tax returns
Gross incomeNet operating income
| Year | Gross income | Effective gross | Expenses | NOI | Pre-tax cash flow | Cap rate |
|---|---|---|---|---|---|---|
| 2024 | - | - | - | $48,000 | - | - |
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $754,250 | 7.74% | - | - | - |
Features and amenities
Highlights
- Located in Income Tax Free State of Tennessee
- Over 22,000 Cars per Day on Main Street
- Shelbyville is Located 25 Miles South of Murfreesboro, TN
- Located on the Central Retail Corridor of Shelbyville, Surrounding Retailers Include; United Grocery Outlet, Dollar General, Sherwin-Williams, Papa Johns, Napa Auto Parts, KFC, Arby’s
- Steady Population Growth; 16% in the last 10 years within 3 Miles
Location
Address as shown by the lister.
Get directionsAbout this area - Shelbyville
- Population
- 26,997
- Housing units
- 10,807
- Land area
- 226.8 sq mi
- County
- Bedford
Neighborhood
Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.
Documents, links and contacts
Additional contacts
2 people to reach- Chandler DignamVice President of Advisory Services (714) 928-9617
- Gage ThomasAssociate Advisor (949) 422-4222
Frequently asked questions
What is the asking price of Aaron’s Shelbyville, TN?
Aaron’s Shelbyville, TN is listed at $754,250. That works out to about $37 per square foot. The stated cap rate is 6.36%.
Where is Aaron’s Shelbyville, TN located?
The property is in 516 N Main St, Shelbyville, Tennessee 37160, Bedford County.
What type of property is this?
This is a retail for sale in the commercial category.
How big is the property?
The building is 20,346 sqft.
Is financing available?
The lister indicates: Third Party Financing.
Who do I contact about this listing?
Eric Vu of Anchor Point Capital listed this property. Use the Request Info button to send a message or call (949) 667-1077.
When was this listing published?
It was published on August 16, 2024 and last updated on August 17, 2026.
Listing information
- Listing ID
- CL-Tennessee-11386
- Published
- Aug 16, 2024
- Last updated
- Aug 17, 2026
- Views
- 484
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