Drive- Thru
Retail-Commercial
for Sale
| Catylist Listing ID: |
30651686 |
| Property Subtypes: |
Restaurant
|
| Building Size (RSF): |
3,409 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
37,500 SF
|
| Sale Price: |
$750,000 |
| Unit Price: |
$220.01 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Business |
| Sale Terms: |
Cash to Seller, Owner Financing, Other |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/8/2021 |
Overview / Comments
|
Drive-Thru and huge lot for sale. Former Hardees with dual walk in coolers intact and in good condition. Some equipment is included with the sale. Tenant in place with long-term lease. $4000-$5500/month with options to renew.
|
Financials
| Finance Data Year |
2020 |
| Real Estate Taxes - Annual($) |
$8,204 (Annual) |
| Tax Value Land |
$354,400 |
| Tax Value Improvements |
$40,000 |
| Assessed Value - Total($) |
$750,000 (Annual) |
| Gross Operating Income |
$48,000 (Annual) |
| Actual or Proforma Year |
Proforma |
Additional Details
| Nearest MSA: |
Morristown |
| County: |
Hamblen |
| Tax ID/APN: |
032041H A 00601 |
| Retail Clientele: |
General, Family, Business, Tourist |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Andrew Johnson Highway |
| Feet of Frontage: |
58 |
| Traffic/Vehicle Count: |
26,250 |
| Highway Access: |
Yes |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Typical SF / Floor: |
3,409 SF |
| Property Condition: |
Good |
| Roof Type: |
Flat |
| Construction/Siding: |
Block |
| Total Parking Spaces: |
57 |
| Parking Type: |
Surface |
| Sprinklers: |
Wet |
| Heat Type: |
Electricity |
| Heat Source: |
Central |
| Air Conditioning: |
Package Unit |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
4,531 |
25,278 |
44,584 |
| Median Age: |
39.32 |
38.73 |
38.66 |
| Households: |
1,780 |
9,826 |
17,464 |
|
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|
