930 N State Of Franklin Rd - Fast Food FOR SALE


Johnson City, TN 37604- Downtown Johnson City
$1,644,000 USD
845-245-7122
930 N State Of Franklin Rd, Johnson City, TN for Sale
$1,644,000 USD
Fast Food - FOR SALE
1/8
null | 6.75% Cap Rate

930 N State Of Franklin Rd
Johnson City, TN 37604
Downtown Johnson City


HIGHLIGHTS

  • 8+ Years Remaining | Annual Rental Increases | Local Brand
  • NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Signalized, Hard Corner Intersection | Interstate 26 | Outparcel to Food City | Dense Retail Corridor
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

• The tenant currently has 8+ years remaining on their initial lease with 2 (5-year) options to extend, demonstrating their commitment to the site • The lease features 2.50% annual increases throughout the initial term and options thereafter, growing NOI and hedging against inflation • Petro’s Chili & Chips is a small fast-food chain based in Knoxville, Tennessee, with 14 locations in Knoxville and other parts of East Tennessee

FOR SALE DETAILS

PRICE

$1,644,000 USD

PRICE/SF

$924 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Petro's Chili & Chips | 8+yrs Corp NN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

B-4

APN/PARCEL ID

045-052.12

ASK ABOUT THIS PROPERTY

William DonlonSRS National Net LeaseMore Info
845-245-7122

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William DonlonSRS National Net LeaseMore Info
845-245-7122

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