1065 King St SE - Fast Food FOR SALE


Cleveland, TN 37311- Downtown Cleveland
$2,400,000 USD
858-336-8573
1065 King St SE, Cleveland, TN for Sale
$2,400,000 USD
Fast Food - FOR SALE
1/1
null | 6.03% Cap Rate

1065 King St SE
Cleveland, TN 37311
Downtown Cleveland


HIGHLIGHTS

  • Large 2 acre Parcel
  • 65,000 cars per day
  • Absolute Corporate NNN Lease

OVERVIEW

Freestanding Corporate Bojangles property located on a huge 2 acre lot directly on HWY 74. 65,000 cars drive by daily. Lease is absolute NNN with zero landlord responsibilities. 6.5 years remain on the original 15 year Lease. The Lease allows for 3-5 year option periods with the same rental bumps 7.5% every five years.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$630 USD /SF

CAP RATE

6.03%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bojangles'

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.04 AC

LAND SF

88,862 SF

ZONING

CH

APN/PARCEL ID

065D-B-016.01

ASK ABOUT THIS PROPERTY

Geoffrey HannanBRT Real EstateMore Info
858-336-8573

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Geoffrey HannanBRT Real EstateMore Info
858-336-8573

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