141 W Elk Ave - Storefront FOR SALE


Elizabethton, TN 37643
$480,000 USD
615-997-2880
141 W Elk Ave, Elizabethton, TN for Sale
$480,000 USD
Storefront - FOR SALE
1/1
null | 7.5% Cap Rate

141 W Elk Ave
Elizabethton, TN 37643


HIGHLIGHTS

  • NN LEASE | LIMITED LANDLORD RESPONSIBILITIES
  • CORPORATELY GUARANTEED LEASE
  • STRATEGICALLY LOCATED AMONGST NATIONAL RETAILERS
  • RECENTLY EXTENDED LEASE | STRONG COMMITMENT TO LOCATION

OVERVIEW

- Double Net Lease with limited landlord responsibilities - Recently extended lease with 1, 5-year option period - Excellent visibility on Route 321 with average daily traffic counts of 23,824 VPD - Northeast Tennessee Location - Tax Friendly State - Well-established tenant location with over 18 years of operational history (1) Rentable Area, Lot Size, Guarantor, Lease Terms, Building Specifications, Year Built, and Demographics are estimates. Buyer is responsible for verifying during the Due Diligence process. TN Broker of Record: Jody McKibben License: TN 307629

FOR SALE DETAILS

PRICE

$480,000 USD

PRICE/SF

$198 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

TitleMax

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

-

APN/PARCEL ID

041B-J-013.01

ASK ABOUT THIS PROPERTY

Jack O'NeillMarcus & MillichapMore Info
615-997-2880

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Jack O'NeillMarcus & MillichapMore Info
615-997-2880

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