Livingston Plaza Food Lion Center — Sale in Livingston, TN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Livingston, TN 38570
  • Year built: 1997

Photos

Livingston Plaza Food Lion Center — Sale in Livingston, TN, photo 1 of 6
Livingston Plaza Food Lion Center — Sale in Livingston, TN, photo 2 of 6
Livingston Plaza Food Lion Center — Sale in Livingston, TN, photo 3 of 6
Livingston Plaza Food Lion Center — Sale in Livingston, TN, photo 4 of 6
Livingston Plaza Food Lion Center — Sale in Livingston, TN, photo 5 of 6
Livingston Plaza Food Lion Center — Sale in Livingston, TN, photo 6 of 6

Investment Figures

Cap rate
7.13%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to exclusively present Livingston Plaza Food Lion Center, a 40,600-square-foot, 100 percent occupied neighborhood shopping center anchored by Food Lion at 400 Market Square Plaza in Livingston, Tennessee. Positioned along Livingston’s primary commercial corridor, the center serves as the community’s leading destination for grocery, convenience and daily-needs retail. Since opening in 1997, the property has established itself as one of the area’s dominant neighborhood shopping centers, supported by long-term tenant occupancy, necessity-based retail and consistent consumer traffic. The center is anchored by original tenants Food Lion and Family Dollar, both of which have continuously occupied the property since opening nearly 30 years ago. Their long operating history reflects the property’s established market position and the strength of the surrounding trade area. The property also benefits from a protected rural trade area, with the nearest competing Food Lion approximately 20 miles away, reinforcing the store’s role as the area’s primary grocery destination. Food Lion occupies approximately 71 percent of the gross leasable area and ranks among the chain’s highest-performing locations, placing approximately #300 of 1,104 stores nationwide (Top 27 percent) and #7 of 27 Tennessee locations (Top 23 percent), according to Placer.ai. Originally executed as a 20-year build-to-suit lease in 1996, Food Lion has repeatedly demonstrated its commitment to the location through multiple renewals and lease modifications. The current lease extends through October 31, 2030, with four remaining five-year renewal options that provide the ability to remain through October 31, 2050. This nearly three-decade operating history underscores the strategic importance of the location within Food Lion’s real estate portfolio. Ownership has continued to reinvest in the property, including the installation of a new Food Lion roof in 2021 backed by a 20-year transfe

Market Context

This retail in Livingston, TN is listed for sale. It is offered at an approximate 7.1% capitalization rate, a key benchmark for income-producing retail assets. The building dates to 1997. Compare it against other retail listings for sale in Livingston, TN — view the full market.

Contact

Explore this market

Similar Retail Business for Sale in Tennessee