804 Hwy 321 N - Freestanding FOR SALE


Lenoir City, TN 37771
$1,850,000 USD
866-889-0550
804 Hwy 321 N, Lenoir City, TN for Sale
$1,850,000 USD
Freestanding - FOR SALE
1/3
null | 8.27% Cap Rate

804 Hwy 321 N
Lenoir City, TN 37771


HIGHLIGHTS

  • Parallel to US-321 seeing nearly 30,000 VPD and with ease of access to I-75.
  • Surrounded by nationally recognized tenants with multiple points of entry.
  • Parking lot was just repaved and restriped. Roof renovations in May of 2020.
  • Vacancy in the area remains around 3%.

OVERVIEW

PREMIER LOCATION – Surrounded by nationally recognized tenants with multiple points of entry. PASSIVE INCOME – All tenants are NNN Leases. HIGH TRAFFIC COUNTS – Parallel to US-321 seeing nearly 30,000 VPD and with ease of access to I-75 which sees nearly 50,000 VPD. HIGH GROWTH AREA – Large scale multi-family development in the area. Heavy demand from national retailers. SMALL UNIT SIZES – A high number of potential tenants to choose from in the future. PROXIMITY TO KNOXVILLE, TN – One of the largest cities in TN, largest mall and University of Tennessee. UNIQUE OPPORTUNITY – Limited retail inventory available in the area. RECENTLY RENOVATED – Parking lot was just repaved and restriped. Roof renovations in May of 2020. LOW VACANCY RATE – Vacancy in the area remains around 3%. AFFLUENT AREA – Avg. Household income is $94,215 in a 5-mile radius.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$262 USD /SF

CAP RATE

8.27%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,977 SF

ZONING

C-3

APN/PARCEL ID

015-174.01

ASK ABOUT THIS PROPERTY

Robert TateMatthews Real Estate Investment ServicesMore Info
866-889-0550

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Robert TateMatthews Real Estate Investment ServicesMore Info
866-889-0550

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.