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Elizabethton, TN - 7 Brew Coffee

$1,563,000

415 W. Elk Avenue, Elizabethton, TN 37643

Active
Last Updated: 01/23/2025

6.4

Cap Rate

100,000

NOI

Details:
Cap Rate:    6.4%
NOI:    $100,000
Building Size:    950 sqft
Description:

• Recently signed a brand new 15 year lease with 4 (5-year) option periods to extend, demonstrating commitment to the site
• Brew Team TN, LLC franchisee guaranteed ground lease
• Features 10% rental increases every 5 years of the lease and at the beginning of each option period, gowing NOI and heding against inflation

• Located adjacent to Elk Crossing, a 127,000 square foot shopping mall with major tenants including United Grocery Outlet, Aaron’s, Ross Dress for Less, and more
• Located less than a mile northeast of West Towne Square, a 98,000 square foot shopping center abchored by Dollar Tree
• Northeast of Carter County Plaza, a 126,000 square foot shopping center anchored by Bealls and Ingles Market
• Located in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, Lowe’s, Big Lots, Planet fitness, Walgreens, and more, further increasing consumer traffic to the site
• Strong tenant synergy promotes crossover shopping to the subject property

Map:
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