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