Value Add Freestanding Net Lease Retail Investment

Retail-Commercial for Sale
Catylist Listing ID: 30449664
Property Subtypes: Car Wash, Convenience Store, Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 2,948 SF
Gross Building Area: See Agent
Sale Price: $425,000
Unit Price: $144.17 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Last Updated: 6/26/2019

Overview / Comments

Hard to find Freestanding Retail on N. Broadway across from Home Federal Bank and adjacent to McDonald's. This property was completely remodeled by Tenant in 2013 and current rental rate is substantially below market. Why pay inflated sales prices for investment property when you can purchase a quality asset with a value add component with strong economic fundamentals in a highly sought after retail sub-market. Commercial property on N. Broadway is in it's highest demand in 40 years. Tenant Easy Money has been in this location since 2013. The building offers 2948 SF w plentiful parking and Highly Visible Pole and Building Signage.
Excellent visibility, high demand and a well known location make this commercial investment an easy acquisition.

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: City of Knoxville
Tax ID/APN: 069MJ028
Zoning: C-3

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,633 86,886 166,283
Median Age: 37.18 35.15 35.19
Households: 5,618 38,467 70,534

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