Net Leased Multi-Tenant Red-Light Corner High Traffic Count

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30819255
Property Subtypes: Mixed Use, Street Retail
Status: Pending/Contingent
Building Size (RSF): 15,480 SF
Gross Building Area: See Agent
Gross Land Area: 5.81 Acres
Sale Price: $3,599,000
Unit Price: $232.49 PSF
Ceiling: 9 ft.
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 11/22/2022

Overview / Comments

First time offered for sale. Investment/Redevelopment Property. 5.81-acres. Multi-Tenant Property located at the corner of Old Glory and Hwy 321 in Maryville. Convenience store with strong store sales and volume. Multiple leases with good revenue. This highly desirable offering is comprised of 5 parcels at the Southwest Corner of Old Glory and Hwy 321 in Maryville TN. Multiple single tenant assets situated on multiple parcels generate good rental income with plenty of room for increases and upside on all leases. Many end users and retailers are searching for sites along the west and South Maryville corridors. Multiple access points on Hwy 321 and Old Glory. Land bank with the existing rents in place for future development opportunities.
Highly profitable operating C Store is part of the sale.
Net Leased Multi-Tenant Red-Light Corner High Traffic Count
Contact Rodney Tabor for more information.
*All tours must be scheduled with Rodney Tabor, ongoing businesses on all of property*

Other addresses included in Sale:
243 S Old Glory Rd Maryville, TN 37801
S Old Glory Rd Maryville, TN 37801 - 056 44.02
S Old Glory Rd Maryville, TN 37801 - 056 44.01
2131 W Lamar Alexander Pkway Maryville, TN 37801

Attachments & Media

Additional Details

Nearest MSA: Knoxville
County: Blount
Tax ID/APN: 00505604401
Retail Clientele: General, Traveler, Tourist, Other
Property Located Between: Old Glory and Hwy 321
Property Visibility: Good
Largest Nearby Street: Hwy 321
Highway Access: Hwy 321
Tenancy: Multiple Tenants
Total Number of Buildings: 4
Number of Stories: 1
Property Condition: Good
Year Built: 1982
Parking Type: Surface, Other
Zoning Description: Commercial, Convenience, Warehouse, Mixed use

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,024 23,682 63,282
Median Age: 33.1 40.04 40.13
Households: 1,208 9,435 25,059
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