Pizza Plus

Retail-Commercial for Sale
Catylist Listing ID: 30796423
Property Subtypes: Restaurant
Building Size (RSF): 2,074 SF
Gross Land Area: 0.58 SF
Sale Price: $585,300
Unit Price: $282.21 PSF
Ceiling: 9 ft.
Is Quick-Service Restaurant? Yes
Has Drive-Thru? Yes
Property Use Type: Net Leased Investment (NNN)
Usable Size (USF): 2,074 SF
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Average Occupancy Rate: 100
Last Updated: 9/16/2022

Overview / Comments

New Pizza Plus located on an out parcel of Food City Shopping at the corner of E Andrew Johnson Hwy and Jaybird Road. NN lease with Landlord responsible for PD Insurance. The building is one year old and has a f5 year lease with Franchisee that has multiple Pizza Plus's.

Additional Details

Nearest MSA: Morristown
County: Hamblen
Taxing Authority: Hamblen Co & City of Morristown
Tax ID/APN: 03202601616
Retail Clientele: General, Business
Property Located Between: Center is located at the corner of E Andrew Johnson Hwy & Jaybird Rd in Morristown, TN
Property Visibility: Excellent
Largest Nearby Street: E Andrew Johnson Hwy
Feet of Frontage: 102
Traffic/Vehicle Count: 18,136
Highway Access: Multiple access points from E Andrew Johnson Hwy & Jaybird Rd
Airports: McGee Tyson
Site Description: Current businesses include Food City, Oreiliy Auto Parts. Area has various types of residential properties with single family, condos & a large multi-tenant development within a 1-3 mile radius
Area Description: Well Established surrounding residential community and close proximity to one of Morristown's three manufacturing industrial parks
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,074 SF
Property Condition: Excellent
Year Built: 2021
Roof Type: Gable
Construction/Siding: Brick
Exterior Description: Rectangular Design exterior is brick exterior with drive-up window
Total Parking Spaces: 20
Parking Ratio: 1.2 (per 1000 SF)
Parking Type: Surface
Parking Description: Asphalt
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Restaurant interior seating, take out and Drive Thru
Zoning Description: Comm
Lot Frontage: 102
Lot Depth: 203
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress, Utilities
Land Ownership: Owned
Legal Description: Tax ID/Parcel ID 026 016.16 Being lot 2A-1 of 2A

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,209 26,317 38,894
Median Age: 35.45 37.86 38.02
Households: 479 10,390 15,306


Photograph of Listing Agent

Terry Ball

Re/Max Real Estate Ten
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