Catylist ID: #30657257
Absolute Net Investment in Key Location
Retail-Commercial for Sale
|Catylist Listing ID:||30657257|
|Building Size (RSF):||2,000 SF|
|Gross Land Area:||0.16 Acres|
|Unit Price:||$497.50 PSF|
|Property Use Type:||Net Leased Investment (NNN)|
|Building Name:||Firehouse Subs|
|Sale Terms:||Cash to Seller|
Overview / Comments
This absolute net offering has no landlord responsibilities and 10 years remaining with increases at 2023 & 2028. It presents an opportunity for an investor to acquire an asset at a prime, Main & Main West Knoxville Location across from West Town Mall. The tenant has been at this location for twelve years and has already exercised three extension options with rent increases. Income is predictable into 2030 and should continue for years beyond that.
The tenant is a successful franchisee, currently operating eight Firehouse Subs restaurants. In addition, personal guaranties are in place.
The building was custom-built to Firehouse Subs’ specifications; its striking appearance and highly-visible pole sign at a high-traffic location at the major retail hub of Kingston Pike and Morrell/Buckingham Road make it a most desirable location.
The 2,000 square foot building makes efficient use of the site which also provides 20 parking spaces for the property. Access is provided by easement from the adjoining Walgreens.
See the OM using the Link or call for an emailed copy.
Attachments & Media
|Taxing Authority:||Knox County|
|Retail Clientele:||General, Family, Business, Traveler|
|Property Located Between:||I-40 & Kingston Pike|
|Largest Nearby Street:||Kingston Pike|
|Highway Access:||Kingston Pike|
|Site Description:||Located directly next to I-40 & Walgreens|
|Total Number of Buildings:||1|
|Number of Stories:||1|
|Typical SF / Floor:||2,000 SF|
|Total Parking Spaces:||11|
|Air Conditioning:||Package Unit|
|Zoning Description:||Highway Commercial|
|Easements Description:||9 parking spaces in recorded agreement on the Walgreens property.|
|Land Ownership:||Fee Simple|
|Proximity:||1 mile||3 miles||5 miles|
Steve Goldman, CCIMGoldman Partners Realty, LLC KAAR CIE Member
John S. DempsterGoldman Partners Realty, LLC KAAR CIE Member
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