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: |
5/7/2022 |
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 |
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 |
|
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