180 Mount Paran

180 Mount Paran Road, Jacksboro, TN

$2,500,000

Price

6.5%

Cap Rate

$164,400

NOI

Overview
Cap Rate
6.5%
NOI
$164,400
Building Size
52,000 sqft
Lot Area
4.74 acres
Units
2
Occupancy
100%
Year Built
1986
Zoning
Commercial-Industrial
Floors
1
Parking Spots
50
CeilingHeight
18
Heating
Gas
Description

Investment Opportunity 6.5% Cap rate


Located at the triangle of  Mount Paran Rd, Branam Rd, and Jacksboro Station Rd/Towe String Rd 


Prime industrial investment opportunity in Tennessee. No State Income Tax State.  Potential 1031 property. Located outside of Knoxville just off I75. 

Recent renovations to the buildings with solid tenants in place.  

Tenant 1 pays $7700 plus utilities. 5 year lease. 3% rent increases after year 2.

Tenant 2 pays $7500 plus utilities. 2 year lease started 12/22.

Landlord pays Taxes $8,000 and Insurance $10,000

Gross $182,400

NOI $164,400

 

Location