15617 State Highway 111
$419,900
15617 State Highway 111, Spencer, TN 38585
For Sale
Mixed Use
Active
Last Updated: 05/24/2024
0.31
Cap Rate
1,728 sqft
Building Size
Details:
Cap Rate: 0.31%
Building Size: 1,728 sqft
Lot Area: 1.06 acres
Units: 1
Year Built: 2019
Floors: 1
Highlights:
- Lot Dimension: 1.06 AC
- Tax Roll Number: 023O A
- Annual Tax: $ 1890.24
- Average Occupancy Rate: 100.0
- Age: 1-5 Years Old
- Lot Size: 1-2 Acres
- Sewer: Septic
- Exterior Description: Other
- Water: City Water
Description:
This is a rare opportunity to purchase your next investment property! This building and land is located in Spencer TN is For Sale. It is currently being occupied by Subway. The current lease on the property is for the next four years, which means steady income every single month. Rent is $1300 per month. Only the Land and Building are for sale. All equipment belongs to Subway. Approximately 4 years left on the lease which then can be increased and extended 5 years. Very high traffic count with large parking area. Landlord is responsible for insurance and taxes.
Location
Gallery
