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GPM Investments (dba Roadrunner) 101 E Jackson Blvd 5,060 SF Retail Building Jonesborough, TN 37659 $3,156,000 ($623.72/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- 13+ Years of Remaining Term | Built in Rental Increases | Corporate Guaranty (GPM Investments - S&P: B+)
- Hard Corner Location | Excellent Visibility & Ease of Access |Outparcel to Fox Plaza | Washington County Court
- Absolute NNN Lease | Fee Simple Ownership (Land & Building) | Zero Landlord Responsibilities
EXECUTIVE SUMMARY
Fronting E. Jackson Blvd (28,700 VPD)
The asset is located at the hard corner intersection of East Jackson Blvd and North Cherokee Street with a combined 60,000 VPD on average
The average household income exceeds $100,000 within a 1 to 5-mile radius of the subject property
The asset is located at the hard corner intersection of East Jackson Blvd and North Cherokee Street with a combined 60,000 VPD on average
The average household income exceeds $100,000 within a 1 to 5-mile radius of the subject property
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
5,060 SF
Building Class
C
Year Built
2010
Price
$3,156,000
Price Per SF
$623.72
Cap Rate
6%
NOI
$189,345
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.67 AC
Zoning
C - Commercial
Parking
15 Spaces (2.96 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 052P-B-018.00 | Improvements Assessment | $375,240 |
| Land Assessment | $141,120 | Total Assessment | $516,360 |
PROPERTY TAXES
Parcel Number
052P-B-018.00
Land Assessment
$141,120
Improvements Assessment
$375,240
Total Assessment
$516,360
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GPM Investments (dba Roadrunner) | 101 E Jackson Blvd
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