825 Cosby Hwy - Restaurant FOR SALE


Newport, TN 37821
$2,105,000 USD
949-506-5027
825 Cosby Hwy, Newport, TN for Sale
$2,105,000 USD
Restaurant - FOR SALE
1/7
null | 5.75% Cap Rate

825 Cosby Hwy
Newport, TN 37821


HIGHLIGHTS

  • Brand New 15-Year Lease | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Near Douglas Lake | Dense Retail Corridor
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Firehouse investment property located in Dandridge, Tennessee. The tenant recently signed a new, 15-year lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 2-years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$2,105,000 USD

PRICE/SF

$839 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Firehouse Subs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

C3

APN/PARCEL ID

056I-E-002.01

ASK ABOUT THIS PROPERTY

Zack WilliamsSRS National Net LeaseMore Info
949-506-5027

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Zack WilliamsSRS National Net LeaseMore Info
949-506-5027

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