415 Broad St - Retail FOR SALE
Elizabethton, TN 37643 |
$2,356,000 USD
865-456-7821
415 Broad St
Elizabethton, TN 37643
HIGHLIGHTS
- Ranks in the 86th percentile of all Wendy's locations nationwide
- 25,220 VPD on primary retail corridor near Walmart, Lowe's, and Chick-fil-A
- ~15 years remaining lease term through August 2041 with 8% rent increases every 5 years
- Absolute NNN lease with no landlord responsibilities, guaranteed by M&J Restaurants, Inc.
- Comprehensive renovation completed in 2018 with limited near-term capital requirements
- Located near ETSU's 14,000 students and Cherokee National Forest's 2M+ annual visitors
FOR SALE DETAILS
PRICE
$2,356,000 USD
PRICE/SF
$992 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1991
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.79 AC
LAND SF
34,412 SF
ZONING
-
APN/PARCEL ID
041B-F-012.00
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865-456-7821
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865-456-7821
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