822 Cosby Hwy - Fast Food FOR SALE
Newport, TN 37821 |
$4,465,000 USD
704-379-1985
822 Cosby Hwy
Newport, TN 37821
HIGHLIGHTS
- Absolute net lease | Zero landlord responsibilities
- Long lease term | 19 years remaining
- Location ranks in the 98th percentile nationwide and in TN via Placer.ai | Top 60 store in the country out of 3,064 total locations
- Experienced Operator | Brumit Restaurant Group, LLC | 65 locations in NC, SC, & TN
- Close proximity to I-40 & Cosby Hwy interchange | 55,525 VPD combined
- 2 miles from Newport Medical Center | 88 beds
FOR SALE DETAILS
PRICE
$4,465,000 USD
PRICE/SF
$1,041 USD /SF
CAP RATE
5.8%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Arby's
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1988
SPRINKLERS
-
PARKING SPACES
63
LAND DETAILS
LAND ACRES
1.1 AC
LAND SF
47,916 SF
ZONING
C2
APN/PARCEL ID
056I-H-009.00
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704-379-1985
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704-379-1985
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