180 Mount Paran
$2,500,000
180 Mount Paran Road, Jacksboro, TN 37757
For Sale
Unknown Listing Type
Active
Last Updated: 09/15/2023
6.5
Cap Rate
164,400
NOI
Details:
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
