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Stan Johnson Company is pleased to offer for sale to qualified investors a free-standing building leased to Little Caesars, AT&T, and Check into Cash located at 1960 - 1972 W Andrew Johnson Highway, Morristown, Tennessee. With two new ten (10) year and one new five (5) year lease in the building, investors have the opportunity to invest in a 100% leased retail center. The leases are under a net lease structure with limited landlord responsibilities and +/-100% pro rata reimbursements. The property is well-located with excellent exposure on the intersection of W. Andrew Johnson Highway and Walters Drive with high traffic counts and multiple curb cuts. The site is surrounded by national retailers such as CVS, Home Depot, Walgreens, Capital One, Lowe' s, and UPS.
Sperry Van Ness is pleased to present this 12,744 SF retail investment with 10,424 SF leased to Dollar General (82%) plus 2,320 SF of additional leased retail space. Dollar General originally leased 7,200 SF, expanding to 10,424 SF in 2007. Store sales place the location in the top 3 out of all Dollar General stores in the district. The landlord is responsible for the roof, structure and parking lot. Dollar General has annual caps on costs for reimbursement of repairs, common area maintenance, taxes and insurance (see rent roll). The 2,320 SF retail store is leased to a local florist for 3 years with annual escalations, plus one 3 year option to renew with 10% annual rent increases. The tenant is responsible for all repairs in the premises. The landlord is responsible for common area maintenance, taxes and insurance. The Dollar General lease covers 82% of the property. There are 2 renewal options for 5 years with fixed rent increases. With 11,000+ stores, Dollar General has an investment grade credit rating from S&P (BBB-) and Moody' s (Baa3). In 2013, the parking lot was resurfaced and re-striped.
Excellent opportunity to purchase a well established food service business! All equipment and inventory is included in the sale of this business. Leased building space offers indoor and outdoor dining, kitchen, employee restroom and storage area for inventory. There is currently an Off Premises Beer Permit in place. Located just a short drive from the Parkway, the close proximity to large cabin resorts and visibility from street offers business from many tourists as well as repeat local customers. With the busy tourist season fast approaching, you'll want to get this quick!!
Approximately 6,408 Square Feet of Restaurant/Retail Space that is ready for occupancy. Home of the former Route 66 Roadhouse located on the inbound side of Winfield Dunn Parkway adjacent to the Clarion Inn, this restaurant has 30,000 cars a day pass by its front door. Combine the traffic flow with the nearby hotel rooms and you get the perfect recipe for a successful business.
Freestanding building on 2 acres in Knoxville Center Mall, formerly occupied bu Just for Feet. Footprint is 15,790 SF; Mezzanine (concrete deck) of approximately 4,500 SF is not included in overall building square footage. Building was constructed in 1997. Lighting is metal halide in the sales area. Clear height to bottom of lighting is 18ft, 9'6" under mezzanine. Original roof membrane on metal deck with interior drain system. Loading dock (dock well) with 8'x8' overhead door. 800amp/600V main with subpanels of 120/208V 400amp and 277/480V 800amp. Wet sprinkler system. Uses must be approved by Simon Properties.
35,000+ SF retail warehouse with a visible location. Located close to restaurants and major retail; great location for a specialty business.
Governor' s Crossing benefi ts from a favorable tenant mix and an advantageous assumable loan. The property is located just 3-miles from Dollywood, Tennessee' s biggest ticketed attraction, and 6-miles from the entrance to the Great Smoky Mountains National Park, the most visited National Park in the country. Governor' s Crossing is an opportunity for an investor to enjoy a strong return on a discount-to-replacement cost opportunity to own a fee simple shopping center in one of the most dynamic retail markets in East Tennessee.
Free-standing restaurant facility, currently tenant-occupied and doing business as "Boogaloos". The NNN lease expires April 30, 2016.
The subject property is located in Russellville, Tennessee, a rural location outside the city of Morristown, TN. The subject consists of (1) 9,180 SF Retail Building on a .77 Acre Land Parcel located along East Andrew Johnson Highway 11E/ 34. Built in 2009 Family Dollar was the only tenant and has vacated the property.Family Dollar continues to pay monthly rent through June 2017.
This attractive, well-maintained and fully leased neighborhood retail center features a rectangular building with six in-line units. Additionally, a small part of the property is ground leased long-term to a diner restaurant tenant. The center is located in a bustling commercial area with numerous restaurants, hotels, big box home improvement stores, and other retailers. A new 185,000 sq.ft. retail development is under construction nearby.