Catylist ID:
#30394067
| Catylist Listing ID: | 30394067 |
| Property Subtypes: | Free-Standing Building |
| Building Size (RSF): | 6,855 SF |
| Gross Land Area: | 2.47 Acres |
| Sale Price: | $1,196,000 |
| Unit Price: | $174.47 PSF |
| Property Use Type: | Investment |
| Building Name: | Advance Auto |
| Usable Size (USF): | 6,855 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | 6.0% |
| Last Updated: | 2/16/2021 |
Overview / Comments
|
Current Lease 1-1-2021 to 12-31-2125 / $71,748 per year Option Five Years 1-1-2026 to 12-31-2030 / $75,252 per year OWNER / AGENT Landlord Responsibilities Include: Roof, guttering, downspouts, structural walls, foundation All utility lines to building, water, sewer electric Parking lot HVAC, tenant maintains, over $250 tenant landlord share 50/50 Landlord just sealed and striped parking lot, pressured washed all concrete and sealed, also treated for termites Tenant Responsibilities Include: HVAC - tenant maintains, over $250 tenat landlord share 50/50 Insurance - Full replacement value w/ extended coverage Property Taxes and Liability Insurance All utilities, all glass, doors |
Attachments & Media
Additional Details
| Nearest MSA: | Knoxville |
| County: | Blount |
| Taxing Authority: | City of Alco - Blount County |
| Tax ID/APN: | 005037G C 03900 |
| Retail Clientele: | Business |
| Property Visibility: | Excellent |
| Largest Nearby Street: | East Broadway |
| Traffic/Vehicle Count: | 14,000 |
| Tenancy: | Single Tenant |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Property Condition: | Good |
| Year Built: | 2000 |
| Roof Type: | Flat |
| Construction/Siding: | Block |
| Parking Type: | Surface |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Easements: | Ingress/Egress |
| Easements Description: | House behind store |
| Land Ownership: | Owner / Agent |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 6,935 | 30,773 | 65,886 |
| Median Age: | 36.35 | 40.24 | 40.1 |
| Households: | 2,913 | 12,719 | 26,960 |
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