Grocery Anchored Value Add Shopping Center
Shopping Center
for Sale
| Catylist Listing ID: |
30632416 |
| Property Subtypes: |
Grocery-Anchored
|
| Building Size (RSF): |
77,110 SF
|
| Gross Land Area: |
7.70 Acres
|
| Sale Price: |
$3,750,000 |
| Unit Price: |
$48.63 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment |
| Building Name: |
Allandale Shopping Center |
| Usable Size (USF): |
77,110 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/22/2020 |
Overview / Comments
Price Less Grocery Store Anchored Shopping Center. 77,110 total SF on +/- 8 acres lot. Growing area in Kingsport. New retail development across the street. Great visibility. Great opportunity to rehab and re tenant for outstanding returns.
Closest Grocery Store is about one-mile driving. Surrounded by many restaurants, such as McDonald’s, Waffle House, Taco Bell, Pizza Hut, Burger King. CVS Pharmacy on right, across the street. Property is about a mile from the Walmart Supercenter, Lowe’s, Tractor Supply and Dollar Tree.
McDonald's restaurant and parcel not included.
Confidentiality Agreement is required.
|
Financials
| Finance Data Year |
2019 |
| Real Estate Taxes - Annual($) |
$52,690 (Annual) |
| Actual or Proforma Year |
Actual |
Additional Details
| Nearest MSA: |
Kingsport-Bristol |
| County: |
Sullivan |
| Tax ID/APN: |
022 065.00 |
| Zoning: |
B-3 |
| Retail Clientele: |
General |
| Property Visibility: |
Excellent |
| Area Description: |
Growing area in Kingsport. New Retail development across the street. Surrounded by many restaurants, such as McDonald’s, Waffle House, Taco Bell, Pizza Hut, Burger King. CVS Pharmacy on right, across the street. Property is about a mile from the Walmart Super Center, Lowe’s, Tractor Supply and Dollar Tree. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Year Built: |
1981 |
| Roof Type: |
Flat |
| Construction/Siding: |
Block, Brick, Concrete |
| Parking Type: |
Surface |
| Total Parking Spaces: |
425 |
| Internet Access: |
Cable |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
3,016 |
22,059 |
51,455 |
| Median Age: |
35.05 |
42.32 |
42.21 |
| Households: |
1,297 |
9,468 |
22,513 |
|
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