3000 Roane State Hwy - Self-Storage Facilities FOR SALE


Harriman, TN 37748
$624,000 USD
323-609-4405
3000 Roane State Hwy, Harriman, TN for Sale
$624,000 USD
Self-Storage Facilities - FOR SALE
1/5
null | 7% Cap Rate

3000 Roane State Hwy
Harriman, TN 37748


HIGHLIGHTS

  • MORE THAN 4 YEARS REMAINING | ANNUAL RENTAL INCREASES | REPUTABLE OPERATOR
  • EXCELLENT VISIBILITY | LOCATED OFF ROANE STATE HWY | LOCATED ALONG MAJOR THOROUGHFARE
  • STRONG DEMOGRAPHICS IN 5-MILE TRADE AREA | HIGH BARRIERS TO ENTRY SUBMARKET
  • LIMITED LANDLORD RESPONSIBILITIES | LOW-MANAGEMENT

OVERVIEW

TWG is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a NNN leased, freestanding, Roane Veterinary Hospital investment property located in Harriman, Tennessee. With minimal competion within 10 miles, RVH has been the primary veterinary practice in the area for 57 years and is highly regarded in community. RVH draws clients from an approximate 40 mile radius. The Tenant, Heartland Veterinary Partners, has over 4 years remaining in their extended term, the new option period was renewed early by the tenant showing their commitment to the site. The lease features increases at the start of each option period. The lease is a triple net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Heartland Veterinary Partners is a veterinary management company that aims to support veterinary practices and their owners. The company was founded in 2017 and is headquartered in Chicago, Illinois, with offices in various locations across the United States. RVH is strategically located on Roane State Highway. The site benefits from superior visibility via significant street frontage and a facade sign situated along Roane State Highway. It shares this busy Harriman area with businesses like Starbucks, Burger King, Subway, Dunkin and Shell. The location benefits from the frequent street traffic of Roane State Highway, which sees 8,318 vehicles daily. The 5-mile trade area is supported by a population of 19,678 and 7,839 daytime employees with an average household income of $87,706.

FOR SALE DETAILS

PRICE

$624,000 USD

PRICE/SF

$40 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Roane Veterinary Hospital | NNN | 4 Years

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,878 SF

ZONING

-

APN/PARCEL ID

057-026.01

ASK ABOUT THIS PROPERTY

Brian WineTWGREMore Info
323-609-4405

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

Brian WineTWGREMore Info
323-609-4405

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