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Sale price is $80,000 CORNER LOT AT EDGEWOOD
28,980-square-foot Nissan dealership situated on 5.72 acres in Knoxville, Tennessee. Fenton Nissan recently signed a 10-year lease and has ±8.3 years remaining with three 3-year options to renew. The property is ideally positioned with excellent frontage on Clinton Highway (Traffic Count: 25,841 VPD), about a half-mile from the junction of I-75 and I-640 (Combined Traffic Count: 158,372 VPD). The location also benefits from its location within a cluster of other auto dealerships near one of the city' s primary commercial and residential corridors with 5.2 MSF of retail, 3.2 MSF of office, 8.5 MSF of industrial and 6,811 multifamily housing units within a 3-mile radius. Other major retailers with a presence in the immediate area include Ingles, CVS, Walgreens, Advance Auto Parts, O' Reilly Auto Parts, NAPA Auto Parts, Dollar General, Family Dollar, Sprint, Food City, Ace Hardware, SunTrust Bank, BB&T, Red Lobster, Outback Steakhouse, Cracker Barrel, Applebee' s, IHOP, McDonald' s, Burger King, Arby' s, Jimmy John' s, Waffle House and Starbucks among many others. The property is just 5 miles from the University of Tennessee (Enrollment: 27,845), and benefits from strong demographics
Excellent owner/user opportunity for vehicle related or retail use on the busy Clinton Highway.Over 200 feet of exposure on Clinton Highway with average vehicle counts in excess of 25,500 per day.Directly surrounded by major corporate tenants such as Food City, Family Dollar, Ace Hardware, Krystal Burger, Arby's and more.Large pylon sign for optimal brand exposure.25,500 plus vehicles per day.Easy egress and ingress.Broker commission 2.5%.
Free span one story building currently divided into entry, three offices and open space. Dock door and loading dock with three phase power. Property also for lease $10 sq ft NNN.
The subject property is an absolute NNN KFC leased to a 155 unit operator for 20 years (15 years remaining). In addition, the lease includes 7.5% increases every 5 years. * In association with Robert H. Burns Company (TN licensed broker)
Former gas station located at the I-40 and Cherry Street Exit. Tanks have been removed. Zoned C-4.
The subject property is a single-tenant, freestanding Advance Financial located in Knoxville, TN. It is located approximately two miles south of Downtown Knoxville and within minutes of The University of Tennessee. The property is subject to a brand new fifteen year absolute net lease that includes 2.25% annual rental increases throughout the primary term. The lease is corporately guaranteed with a financial reporting requirement. This newly constructed branch location is part of Advance Financial' s rapidly-expanding 64 branch network in Tennessee.
15-year NNN lease with Dollar General. Rent commences April 2016. Upgraded brick construction.
Dark Starbucks with about 1 year left on the lease. The subject property is an outparcel to a Comfort Inn & Suites. The offering presents an owner user/ investor with an opportunity to purchase a net-leased, single-tenant (dark) Starbucks with a drive-thru. Located off of Interstate 40 in a rapidly developing area of greater Knoxville, Tennessee and an outparcel to a Comfort Inn & Suites. 14.2% pro forma cap rate. Contact agent regarding current and pro forma financial information.