NEW CAP RATE Price Improvement National Credit Tenant NNN Investment

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30664983
Property Subtypes: Free-Standing Building, Street Retail, Vehicle Related, Other
Status: Pending
Building Size (RSF): 13,413 SF
Gross Building Area: See Agent
Sale Price: $2,050,000
Unit Price: $152.84 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Last Updated: 5/8/2021

Overview / Comments

Are you looking for a safe and solid return on your investment? The U.S. automotive collision repair market is a 47-billion-dollar industry. This is an excellent Investment value with a large National Tenant with over 600 locations! Commercial Retail with additional lot that can be subdivided and sold separately. Currently home to Caliber Collision situated on 3.3 acres. Office Showroom with automotive service in the connector on the highly traveled retail corridor of Alcoa Hwy. 55,000 average daily traffic count. Net lease investment with one of the nation's largest consolidators. High bay ceilings with multiple drive in doors makes this property very desirable. Large level and paved site allow ample room for tenant expansion. Combined with the attractiveness and demand for this location these attributes make this a very desirable investment. The collision repair market is a growth and recession proof industry.
Please see links below regarding the automotive collision industry and the Caliber and Abra merger.

Current Tenants

Tenant Business Name Caliber Collision

Additional Details

Nearest MSA: Knoxville
County: Blount
Tax ID/APN: 005017 08401
Property Condition: Good

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,196 16,446 59,229
Median Age: 38.97 40.09 40.89
Households: 511 7,076 24,358


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