37,875 SF Warehouse w/NNN Tenant ~7 Yrs Remaining

Industrial for Sale
Sale Pending
Catylist Listing ID: 30659185
Property Subtypes: Flex Space, Free-Standing, Industrial-Business Park, Manufacturing, Office Showroom, Warehouse/Distribution
Status: Pending
Building Size (RSF): 37,875 SF
Gross Building Area: See Agent
Gross Land Area: 4.97 Acres
Sale Price: $1,648,000
Unit Price: $43.51 PSF
Ceiling: 20 ft.
Docks/Doors: 4 Docks
Office SF: 6,000 SF
Drive In Bays: 1 Bay
Property Use Type: Net Leased Investment (NNN), Investment, Business
Building Name: Candle Cottage
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/10/2020

Overview / Comments

Great investment opportunity! Current long-term tenant has ~7 years remaining on NNN lease. Located in the Hodsen Hicks Industrial Park, this property features quick access to US-441 Newport Hwy. The front portion of the building is office/retail space with ~6,000 SF of office space. The remainder of the building is used for production, storage, & shipping.

Please do not disturb tenant.

Current Tenants

Tenant Business Name Candle Cottage
Is Renting? Yes
Lease Expiration 1/2028

Additional Details

Nearest MSA: Sevierville
County: Sevier
Taxing Authority: Sevier County
Tax ID/APN: 078050 07003
Zoning: I-1
Highway Access: US-411
Airports: TYS & Sevier Co Airport
Site Description: Industrial Park
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 37,875 SF
Property Condition: Good
Year Built: 1989
Year Renovated: 2005
Roof Type: Flat
Construction/Siding: Aluminum Siding
Exterior Description: Metal siding
Parking Type: Surface
Total Parking Spaces: 10
Eave Height: 18
Sprinklers: None
Heat Type: Electricity
Heat Source: Central, Radiant
Air Conditioning: Package Unit
Lighting: Fluorescent
Internet Access: Cable
Zoning Description: Sevier County Industrial
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 15,183 28,875
Median Age: 40.14 39.32
Households: 6,050 11,376


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