Knoxville Convenience Store

2800 E. Governor John Sevier Hwy., Knoxville, TN

$749,900

Price

2,704 sqft

Building Size

2.22 acres

Lot Area

Overview
Building Size
2,704 sqft
Lot Area
2.22 acres
Units
1
Occupancy
100%
Year Built
1989
Floors
1
Description

Commercial property for sale, on approximately 2.22 acres, subject to a NNN-lease of a C-Store, Gas Station and Deli (that could possibly be terminated). Cap rate is approx. 5.9%, lease term of 5 years with 3 x 5 year renewal options. At the beginning of each renewal option, there is a 5% increase or the current CPI increase whichever is more.

Property is located at Forks of the River Industrial Park. It is Knox County's largest industrial park at 1,460 acres. Some of the businesses that the industrial park serves as home to are Keurig Green Mountain, Melaleuca Inc., Aqua-Chem, Fresenius Medical Care North America, and Republic Plastics, just a few of the approximate 50 companies in the park.

Level 2.22-acre tract in an industrial park, improved with a 2704 sq.ft. C-store.

Map 097 Parcel 01804

Highlights
  • Sale of Real Property, subject to lease of a C-store and Gas Station with Deli which could possibly be terminated.
  • Great location in Forks of the River Industrial Park, Knoxville's largest industrial park.
  • Signalized Intersection.
  • Easy access and excellent visibility.
Documents

Location
Gallery