Catylist ID: #30035492
Fee Simple Sale of Cell Tower Ground Lease
Special Purpose for Sale
|Catylist Listing ID:||30035492|
|Building Size (RSF):||1 SF|
|Gross Building Area:||See Agent|
|Gross Land Area:||1 Acre|
|Property Use Type:||Net Leased Investment (NNN)|
|Sale Terms:||Cash to Seller|
Overview / Comments
Absolute Net - Tenant pays all expenses.
Gross Rent Multiplier: 92.3
Capitalization Rate: 13%
Current lease term is in second extension through May 26, 2019
Tenant has two more extension options at 115% of previous term’s rental through May, 2029.
The subject is land leased for a cell phone tower on Beals Chapel Road in Lenoir City, TN. The site is hilly and steep, and located in a rural area near Ft. Loudon Lake. The leased area is 1 acre which includes a 10,000 sq. ft. level and fenced area on top of a hill as well as a paved access road/easement.
Sold As Is
|Taxing Authority:||Loudon County|
|Total Number of Buildings:||1|
|Number of Stories:||1|
|Land Ownership:||Fee Simple|
|Proximity:||3 miles||5 miles|
Steve Goldman, CCIMGoldman Partners Realty, LLC
|© Copyright Knoxville Area Association of REALTORS®. All Rights Reserved. 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.|