• Year Built: 1962
391 Main Street is an office property for lease in Dayton, TN.
Dayton is a small but growing community. Dayton is a manufacturing center whose products include furniture, clothing, automobile parts, and air conditioners and heating units. La-Z-Boy is the largest manufacturing employer.The Tennessee Valley Authority's Watts Bar and Sequoyah nuclear power plants are both within 20 miles of the city. Since the late 1990's the area has experienced increased residential development particularly along Chickamauga Lake, an impoundment of the Tennessee River. More recently, Dayton has hosted several major fishing tournaments at Chickamauga Lake including the 2014 Bassmaster BASSfest, American Bass Anglers Weekend Series, Heartland Anglers Classic, the 2013 Walmart FLW Tour and various senior, collegiate and high school events. Some of the recent commercial growth are several new hotels, restaurants and fast food.
In the middle of the town of Dayton, 2 blocks from the Court House is a multi-office building with 3 long term tenants and a new upstart business.
• 100% leased, with a total of 4 tenants, 3 long term, 1 new tenant
• Gross Income: $48,600
• Expenses: $10,660
• NOI: $37,940
• CAP: 8.72
Adjacent property available for sale with a 2500 sq ft building on it that can be leased for additional income. Current owner is allowing church to use it at no cost.