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RARE PARENT GUARANTEE (NYSE: WMT)! We are pleased to offer an opportunity to purchase one a single tenant retail asset on a NNN lease that is 100% leased to Walmart Neighborhood Market and backed by a full corporate guarantee from Walmart Stores Inc (Parent Company). The brand new 15 year primary term expires in September 2030 and includes 17-5 year option periods. During the primary term, there are 3% rental escalations every 5 years, followed by 5% rental escalations every 5 years during the option periods. This is a fee simple (land and building) asset that includes the newest Walmart Neighborhood Market building prototype; the building is comprised of 41,921 square feet on approximately 5.62 acres of land. Strategically located along route 441 (Dolly Parton Parkway, one of the main corridors in the region and which connects directly to Route 66) and also situated adjacent to the Pigeon Forge Airport, the site offers convenient ingress / egress, excellent street visibility and ample parking.
I am blessed to represent the largest developer of Dollar General stores in the country. We build / sell between 70 - 100 stores a year for the past 15 years, so if you need one store or a bundle, we can do that. All of our stores are brand new free standing stores with true NNN 15 year initial term leases. I also have stores that are not "on the market", please contact me for a list of those. This store in Newport, Tennessee has a true NNN 15 year initial term lease with 5 - 5 year options. The building is 9,026ft. The monthly rental income is $7,195. The yearly rental income is $86,340. The CAP is 6.8%. The Sales Price is $1,269,706. The store opens July 14, 2016.
Former bank branch on very high traffic highway leading to major tourist destination. 41,977 average daily traffic with 165 feet of Hwy 66 frontage. Adjacent to Pilot/Flying J and just five miles to major interstates I-40/75. Potential uses: Restaurant, Retail, Office, General Commercial.
Co-tenants include JC Penney' s, Belk, Regal Cinemas, Hallmark, Waldenbooks
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.
SADDLE BAGS BAR & GRILL PROPERTY - PRICED TO MOVE - BASICALLY TURN KEY - Main building has 1,571 SF with approximately 848 SF covered deck (new wood) and approximately 336 SF small brick home. Bar comes with all FF&E. Two (2) bathrooms with one being handicapped. Could be a great spot for a deli, restaurant or biker bar. Functioned as a successful biker bar and community spot until 2012. Property is located 500 yards off Rutledge Pike. Property was originally built in the 50' s as a drive-in. Tenant will move with 30-day notice. Please do not disturb tenant.
Please contact the agent for more information about this listing.
Great retail/office space with excellent visibility. Located on Morris Boulevard. Reduced price.
35,000+ SF retail/warehouse with a visible location. Located close to restaurants and major retail; great location for a specialty business.
2.67 Acres at the red light on West Andrew Johnson Highway and Kidwell Ridge road. This property is ideal for retail/restaurant. It is located across from Ingle's and is less than a mile east of the new Wal-Mart development at Merchants Greene. This property is available on a ground lease for $7,500 per month. Tax Map 040 Parcel 045.00 & Tax Map 040 Parcel 045.02.