250 E Emory Rd - Storefront FOR SALE


Powell, TN 37849
$5,502,210 USD
646-416-2042
250 E Emory Rd, Powell, TN for Sale
$5,502,210 USD
Storefront - FOR SALE
1/2
null | 6.2% Cap Rate

250 E Emory Rd
Powell, TN 37849


HIGHLIGHTS

  • Long Term Lease - 12+ Years Remaining
  • No Income State Tax State
  • Rapidly Growing Population - 6.7% Increase since 2020
  • Recession-Resistant Tenant

OVERVIEW

Zebra Capital and Bang Realty are proud to exclusively present for sale single-tenant, net leased PetSmart investment property located in Knoxville, TN with 12 years remaiining on the lease. The property consists of 18,134 SF building, sitting on a 3.43 Acres parcel, built in 2018 and located within a Kroger Grocery anchored shopping center (owned and operated by Kroger itself). LONG TERM LEASE - NEWLY EXTENDED 12-YEAR LEASE AFFIRMING TENANTS COMMITMENT AFFLUENT DEMOGRAPHICS - AVERAGE HOUSEHOLD INCOME ABOVE $93,000 IN A 3-MILE RADIUS RECESSION-RESISTANT TENANT - PET STORE SECTOR HISTORICALLY PERFORMED EXCEPTIONALLY WELL DURING RECESSIONARY TIMES MINIMAL LANDLORD RESPONSIBILITIES - ROOF & STRUCTURE ONLY (2018 BUILT) NO INCOME TAX STATE - TENNESSEE IS ONE OF NINE STATES WITH NO INCOME TAX RAPIDLY GROWING POPULATION - KNOXVILLE MSA GREW 6.7% SINCE 2020

FOR SALE DETAILS

PRICE

$5,502,210 USD

PRICE/SF

$302 USD /SF

CAP RATE

6.2%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

PetSmart

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

142

LAND DETAILS

LAND ACRES

3.43 AC

LAND SF

149,411 SF

ZONING

C

APN/PARCEL ID

057-00704

ASK ABOUT THIS PROPERTY

Bosko StankovicZebra Capital, LLCMore Info
646-416-2042

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Bosko StankovicZebra Capital, LLCMore Info
646-416-2042

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