Catylist ID: #30197401
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|
|Unit Price:||$277.33 PSF|
|Property Use Type:||Net Leased Investment (NNN), Investment|
|Building Name:||C-Store with Gas Station and Deli|
|Sale Terms:||Cash to Seller|
Overview / Comments
This is the sale of real property on approximately 2.22 acres, subject to the lease of the Convenience Store and Deli. The lease could possibly be terminated.
The property is located at Forks of the River Industrial Park, Knox County's largest industrial park, with approximately 50 companies. Some of the businesses that the industrial park serves as home to are Keurig Green Mountain, Melaleuca, Inc., Aqua-Chem, Fresenius Medical Care North America, and Republic Plastics.
Cap rate is approx. 5.9%, lease term of 5 years with 3 x 5 year renewal options. At the beginning of each renewal option, there is a 5% increase or the current CPI increase whichever is more.
Sale of Real Property with Leased C-Store and Deli, which could possibly be terminated
Great Location at Forks of the River Industrial Park.
Easy Access and Great Visibility.
Attachments & Media
|Finance Data Year||2016|
|Real Estate Taxes - Annual($)||$3,982 (Annual)|
|Taxing Authority:||Knox County|
|Tax ID/APN:||097 01804|
|Zoning:||CA (GENERAL BUSINESS)|
|Retail Clientele:||General, Business, Traveler|
|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.|
|Total Number of Buildings:||1|
|Number of Stories:||1|
|Parking Description:||Onsite, paved|
|Zoning Description:||CA (General Commercial)|
|Land Ownership:||Fee simple|
|Legal Description:||097 01804|
|Proximity:||1 mile||3 miles||5 miles|
August TimiselaNAI Koella | RM Moore KAAR CIE Member
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