The Shops at Waverly
Tenancy Type: National
Lease Type: NNN
Address: 40 Walton Drive
The Cooper Commercial Investment Group is pleased to announce the sale of The Shops at Waverly, a county seat retail shopping center built in 2005 shadow anchored by Walmart Supercenter and a brand-new Tractor Supply. Ownership recently executed an early 10-year extension with anchor tenant AutoZone, who will now be extended through 2029. The center also includes a Verizon Authorized Retailer and Mariner Finance.
Dan Cooper, President and Broker of the Cooper Commercial Investment Group in Cleveland, Ohio, had the privilege to represent the seller, a private investment group out of Texas, whom the Cooper Group has worked with on multiple transactions in the past. The private investor buyer out of Tennessee was found in the first 20 days of listing the property for sale and purchased for $990,000, representing an 8.37% CAP Rate and approximately 93% of the list price. Through marketing efforts, the Cooper Group generated a significant amount of interest in the property. The Cooper Commercial Investment Group looks forward to working with parties interested in selling or looking to acquire other similar commercial assets and encourages you to contact them for a no obligation, evaluation of your commercial property. Visit them on line at www.CooperGrp.com for the most up-to-date listings and information, stay connected by, “Like” them on Facebook and follow them on Twitter @TheCooperGrp.