Sale of Real Property with Leased C-Store and Deli

Retail-Commercial for Sale
Catylist Listing ID: 30197401
Property Subtypes: Convenience Store, Free-Standing Building, Service Station/Gas Station
Building Size (RSF): 2,704 SF
Gross Land Area: 2.22 Acres
Sale Price: $749,900
Unit Price: $277.33 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: C-Store with Gas Station and Deli
Sale Terms: Cash to Seller
Cap Rate: 5.9%
Last Updated: 2/24/2020

Overview / Comments

This is the sale of real property on approximately 2.22 acres, subject to the lease of the Convenience Store and Deli. The lease could possibly be terminated.

The property is located at Forks of the River Industrial Park, Knox County's largest industrial park, with approximately 50 companies. Some of the businesses that the industrial park serves as home to are Keurig Green Mountain, Melaleuca, Inc., Aqua-Chem, Fresenius Medical Care North America, and Republic Plastics.

Cap rate is approx. 5.9%, lease term of 5 years with 3 x 5 year renewal options. At the beginning of each renewal option, there is a 5% increase or the current CPI increase whichever is more.

Sale of Real Property with Leased C-Store and Deli, which could possibly be terminated
Great Location at Forks of the River Industrial Park.
Signalized Intersection
Easy Access and Great Visibility.

Attachments & Media


Finance Data Year 2016
Real Estate Taxes - Annual($) $3,982 (Annual)

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: Knox County
Tax ID/APN: 097 01804
Retail Clientele: General, Business, Traveler
Property Visibility: Excellent
Largest Nearby Street: Governor John Sevier Highway
Feet of Frontage: 360
Site Description: Level approximately 2.22-acre tract in Forks of the River Industrial Park, improved with a leased C-Store and Deli.
Area Description: Located at Forks of the River Industrial Park, Knoxville's largest industrial park, serving approximately 50 companies.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1989
Construction/Siding: Block
Parking Type: Surface
Parking Description: Onsite, paved
Zoning Description: CA (General Commercial)
Lot Frontage: 360
Land Ownership: Fee simple
Legal Description: 097 01804

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,757 13,018 65,492
Median Age: 45.23 43.14 39.07
Households: 749 5,540 28,442


Photograph of Listing Agent

August Timisela

NAI Koella | RM Moore KAAR CIE Member
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Knoxville Area Association of REALTORS┬« nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.