1700 W Reelfoot Ave - Restaurant FOR SALE
Union City, TN 38261 |
$1,484,326 USD
206-915-9222
1700 W Reelfoot Ave
Union City, TN 38261
HIGHLIGHTS
- Absolute NNN Lease: Zero Landlord Responsibilities With ~11 Years Remaining in the Primary Term
- Corporate Guarantee: Lease Backed By Burger King Corporation, Providing Long-Term Stability and Security
- Prime Retail Location: Strategically Positioned on a Pad Site in Front of Reelfoot Shopping Center, Anchored By National Retailers Including TJ Maxx
- High Visibility and Access: Located Directly on US Hwy 51/Reelfoot Avenue, Union City’s Main Commercial Corridor
- Retail Hub of the Region: Situated in the Heart of Union City's Dominant Retail Node, Drawing Shoppers From Surrounding Counties
- Strong Trade Area Fundamentals: Union City Serves as the County Seat of Obion County and a Key Retail Destination in Northwestern Tennessee
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 3,725 SF Burger King Located at 1700-A West Reelfoot Avenue in Union City, TN. This Opportunity Features an Absolute NNN Lease With Zero Landlord Responsibilities and ~11 Years Remaining in the Primary Lease Term. The Lease is Corporately Guaranteed By Burger King Corporation, Providing Long-Term Stability For a Secure Investment.
In Cooperation With Sands Investment Group Tennessee, LLC - Lic. #263973 BoR: Tom Gorman - Lic. TN #370394
FOR SALE DETAILS
PRICE
$1,484,326 USD
PRICE/SF
$398 USD /SF
CAP RATE
6.15%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Burger King - Union City, TN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Fast Food, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1988
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.73 AC
LAND SF
31,799 SF
ZONING
-
APN/PARCEL ID
059-014.14
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206-915-9222
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206-915-9222
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