963-979 Oak Ridge Tpke - Storefront FOR SALE


Oak Ridge, TN 37830
$3,300,000 USD
818-281-7893
963-979 Oak Ridge Tpke, Oak Ridge, TN for Sale
$3,300,000 USD
Storefront - FOR SALE
1/6
null | 6.5% Cap Rate

963-979 Oak Ridge Tpke
Oak Ridge, TN 37830


HIGHLIGHTS

  • Security Square is 100% occupied, giving investors a strong in-place cash flow with very favorable upside.
  • True Value-Add Opportunity - Rents are 50%~ below market rents ($9.64 PSF In Place vs. $24.00+ PSF Market) with recent leasing activity at $25 PSF
  • Below replacement cost at $150 PSF.
  • Excellent visibility and accessibility at a strong signalized hard corner along the city's primary thoroughfare
  • Located in Oak Ridge, which is outside of downtown Knoxville, Tennessee. Oak Ridge is home to United States Department of Energy facilities
  • Landlord friendly/well written triple-net (NNN) leases, whereby the tenant is responsible for paying and/or reimbursing the landlord for the property

OVERVIEW

Security Square is 100% occupied, quintessential daily needs strip mall with excellent visibility and accessibility at a strong signalized hard corner along the city's primary thoroughfare. Located in Oak Ridge, which is outside of downtown Knoxville, Tennessee. Oak Ridge is home to United States Department of Energy facilities - a national laboratory and a national security complex - and high-tech/high-wage employers. It is also home to a regional medical center. The property offers an opportunity for a well located and stable investment with strong long term upside with low rents.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$155 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Convenience Store, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

B2

APN/PARCEL ID

100A-C-026.00

ASK ABOUT THIS PROPERTY

Nick D'ArgenzioBlvd Real Estate Investment Co.More Info
818-281-7893

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

Nick D'ArgenzioBlvd Real Estate Investment Co.More Info
818-281-7893

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