Restaurant for Lease off Interstate 40

Retail-Commercial for Lease
Catylist Listing ID: 30138817
Property Subtypes: Free-Standing Building, Restaurant, Tavern/Bar/Nightclub
Contiguous Space: 6,456 SF
Gross Building Area: See Agent
Gross Land Area: 1.80 Acres
Lease Rate: $7 PSF (Annual)
Base Monthly Rent: $3,766
Lease Types: NNN
Last Updated: 10/11/2017

Overview / Comments

Free-standing restaurant for lease - 0.2 miles off Interstate 40 at Exit 432. Located next to campgrounds, hotels, and gas stations. Busy Interstate corridor.

Currently owner occupied with successful restaurant business. Business is not for sale/lease. Owner will vacate.

6,456 sf building with ample parking. Restaurant has two sections: a dining section and a bar section with a Texas-sized bar, dance floor, and stage with surrounding seating. Dance floor can be used for dining as well.

All furniture, fixtures, and equipment will remain for lessee's use including:
- Two hoods
- Two 8'x12' walk-in coolers
- New grease trap
- 5'x5' reach-in cooler
- Various sinks, counters, and drainboards
- Tables, chairs, booths

Average daily car counts
- Interstate 40 at Exit 432 - 26,000 daily
- Highway 25/70 - 14,000 daily

Building and property are also listed for sale. http://www.kaarcie.com/listing/XiVRIQ6iNa8/1071-W-Hwy-25-70-Newport-TN-37822

Expand All Available Space

Suite: 1071 6,456 SF $7 PSF (Annual) NNN
Space Available: 6,456 SF
Lease Rate: $7 PSF (Annual)
$3,766 (Monthly)
Lease Type: NNN
Date Available: 7/7/2017
Space Type: Relet

Additional Details

Nearest MSA: Newport
County: Cocke

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,213 5,007 18,834
Median Age: 40.94 40.66 42.02
Households: 849 2,110 7,865

Contact

Photograph of Listing Agent

Mark Shipe

Holrob KAAR CIE Member
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