Family Dollar - 7.7 CAP - Stand Alone - Maryville, TN

Retail-Commercial for Sale
Catylist Listing ID: 30523228
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 8,000 SF
Gross Building Area: See Agent
Gross Land Area: 1.08 Acres
Sale Price: $1,150,000
Unit Price: $143.75 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Family Dollar
Sale Terms: Cash to Seller
Cap Rate: 7.7%
Average Occupancy Rate: 100
Last Updated: 1/28/2020

Overview / Comments

Just Reduced! 7.7 CAP! Stand Alone Family Dollar In Maryville, TN on a major highway. It was built for Family Dollar in 2012, and it is currently NN leased to Family Dollar through June of 2022, with five lease renewals with annual increases. Well located to serve the local residents with easy access from the main highway and egress to the side street with the signalized corner. 1.08 Acre lot. Family Dollar is responsible for Utilities, Insurance, Real Estate Taxes and HVAC. Landlord is responsible for Structure - Roof, Exterior Walls, Slab & Fire System. Square footage is from tax records, is not guaranteed, and should be verified by buyer.
5 Year Extensions Beginning 7/22:
$96,645, $105,147, $114,510, $124,924, $136,168

Additional Details

Nearest MSA: Knoxville
County: Blount
Taxing Authority: Blount County TN
Tax ID/APN: 005047B D 00700
Retail Clientele: General, Family, Traveler, Tourist, Recreation
Property Visibility: Excellent
Largest Nearby Street: Brown School Road
Feet of Frontage: 149
Traffic/Vehicle Count: 13,596
Highway Access: Located just 2.6 miles from Pellissippi Parkway and 2 miles from Washington Ave.
Airports: McGhee Tyson Airport
Site Description: Flat
Area Description: Urban/Suburban location
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 8,000 SF
Property Condition: Good
Year Built: 2012
Roof Type: Flat
Construction/Siding: Block
Total Parking Spaces: 25
Parking Type: Surface
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Lot Frontage: 149
Lot Depth: 300
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: owned

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,500 32,744 69,573
Median Age: 35.27 38.91 40.39
Households: 3,399 13,308 28,037
The information presented herein is provided as is, without warranty of any kind. Neither Knoxville Area Association of REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.