Catylist ID:
#30837516
| Catylist Listing ID: | 30837516 |
| Property Subtypes: | Free-Standing Building |
| Contiguous Space: | 9,014 SF |
| Building Size (RSF): | 9,014 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 1.05 Acres |
| Lease Rate: |
$8.50 PSF (Annual) |
| Base Monthly Rent: | $6,384 |
| Lease Types: | NN |
| Usable Size (USF): | 9,014 SF |
| Last Updated: | 5/26/2023 |
Overview / Comments
|
This 1.05-acre tract is improved with a 9,014 SF retail building that is currently leased to Dollar General Corporation through 12/31/2023. The store is not in operation, as a new larger format (12,687 SF) Dollar General Market recently opened directly across the highway from this property. Trade fixtures in the building will not convey with the property. Some possible uses to consider: general merchandise store; hardware store, auto parts store; entertainment (arcade, etc.) A Tennessee Department of Transportation highway expansion project known as the Highway 32 Project is anticipated in the next few years. Conceptual plans indicate that the subject property will lose much of front area with its parking spaces. However, the property has additional undeveloped land adjacent to the side parking lot that could possibly provide for additional parking, possibly 16 spaces. . 9,014 SF (outside dimensions). Buyer/Tenant should independently verify . Net Net (NN) Lease. Lessor responsible for roof repairs and roof maintenance; Lessee responsible for all other operating costs . Rental Income until Dollar General lease expires 12/31/2023 . Will be sold or leased vacant |
Attachments & Media
Expand All Available Space
| Suite: 1 | 9,014 SF | $8.50 PSF (Annual) NN |
| Level/Floor: | 1 | |
| Space Available: | 9,014 SF | |
| Lease Rate: |
$8.50 PSF (Annual) $6,384 (Monthly) |
|
| Lease Type: | NN | |
| Space Description: | Stand-alone retail building on 1.05-acre lot. Available for lease or for sale. Net Net (NN) Lease. Lessor responsible for roof repairs and roof maintenance. Lessee responsible for property taxes, insurance costs, and all other operating expenses. $6,385.00 per month base rent ($8.50 per SF per year). 5-year initial term. Will be sold or leased vacant. | |
| Date Available: | 1/1/2024 | |
| Lease Term: | 60 Months | |
| Space Type: | New | |
Additional Details
| Nearest MSA: | Newport |
| County: | Cocke |
| Tax ID/APN: | 015102 025.25 |
| Zoning: | UNZONED |
| Retail Clientele: | General, Family, Traveler, Tourist |
| Property Located Between: | Cosby Highway and Padgett Mill Road |
| Property Visibility: | Excellent |
| Largest Nearby Street: | Cosby Highway (US 321) |
| Feet of Frontage: | 156 |
| Highway Access: | Cosby Highway |
| Site Description: | Irregularly-shaped, mostly level lot at road grade. Deeded easement for septic system on another owner's lot to rear of the property. Parking in front and on one side of building, with grassy area available for additional parking if needed. |
| Area Description: | Located in an area of retail and grocery stores, a warehouse, restaurants and bakery, and schools. |
| Tenancy: | Single Tenant |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Typical SF / Floor: | 9,014 SF |
| Property Condition: | Good |
| Year Built: | 2006 |
| Roof Type: | Flat |
| Parking Type: | Surface |
| Parking Description: | Onsite, paved |
| Zoning Description: | Unzoned |
| Lot Frontage: | 156.4 |
| Lot Depth: | 249.45 |
| Water Service: | Municipal |
| Sewer Type: | Septic |
| Easements: | Other |
| Easements Description: | Deeded easement for septic system on another owner's lot to rear of the property. |
| Legal Description: | 102 025.25 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 1,706 | 3,641 | 8,108 |
| Median Age: | 42.36 | 42.17 | 43.15 |
| Households: | 683 | 1,445 | 3,301 |
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