Advance Auto Parts-Clinton, TN

Retail-Commercial for Sale
Catylist Listing ID: 30471630
Property Subtypes: Free-Standing Building, Street Retail
Building Status: Under Construction
Building Size (RSF): 7,000 SF
Gross Building Area: See Agent
Gross Land Area: 0.68 Acres
Sale Price: $1,790,000
Unit Price: $255.71 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/16/2019

Overview / Comments

New 10-year NNN lease with Advance Auto Parts under construction with estimated rent commencement in November 2019. This is a relocation of a well-performing store in Clinton. There are also three five year options to renew.

Current Tenants

Tenant Business Name Advance Auto Parts
Current Rent $107,412 PSF (Annual)
Lease Expiration 11/0029

Additional Details

Nearest MSA: Knoxville
County: Anderson
Tax ID/APN: 001074O C 02300
Zoning: B-2

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,068 15,291 33,483
Median Age: 41.07 42.46 43.08
Households: 1,878 6,461 13,718

Contact

Photograph of Listing Agent

Jason Brown, CCIM

Schaad Brown Real Estate KAAR CIE Member
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