Advanced Auto / 1031X

Retail-Commercial for Sale
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


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

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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


Photograph of Listing Agent

James Rick Gentry

Apartment Broker, LLC KAAR CIE Member
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