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1186 Perimeter Dr SE
Cleveland, TN 37323
Burger King · Retail Property For Sale

Property Facts

Property Type
Retail
Property Subtype
Fast Food
Building Size
3,075 SF
Year Built
2016
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.82 AC
Zoning
CH
Frontage
263’ on APD 40

Amenities

  • Signage
  • Drive Thru

About 1186 PERIMETER DR SE , CLEVELAND, TN 37323

Newer construction, approximately 18-year absolute NNN sale leaseback Burger King in Cleveland, TN. The subject property is located on Perimeter Road, which is a frontage road to State Route 74/64 a.k.a. APD-40, the major commercial arterial in the area. APD-40 connects to I-75 and to nearby Dalton Pike, which is an alternative route south to Dalton, GA (approx. 45 minutes) and Atlanta (approx. 2 hours away). Cleveland is also just 30 miles from downtown Chattanooga. The offering is a sale-leaseback from an award-winning, 21-unit operator whose Average Unit Volumes (AUV) exceed Burger King’s national AUV by 22%, according to the operator. This store performs above their franchise-wide average. Notable retail/restaurant within close proximity include Walmart Supercenter, Taco Bell, McDonald’s, KFC, Wendy’s, Food City, Advance Auto, Walgreen’s, Bojangles’, Planet Fitness, O’Reilly Auto, and Dollar Tree. This Burger King is also approximately 17 miles from Volkswagen’s Chattanooga Auto Assembly Plant, that began production in 2011 and now employs more than 2,000 people, many of whom live in Cleveland.

Property Taxes

Property Taxes

Parcel Number
065E-F-014.00
Land Assessment
$153,360
Improvements Assessment
$246,240
Total Assessment
$399,600
  • Listing ID: 11567285

  • Date on Market: 2/12/2018

  • Last Updated:

  • Address: 1186 Perimeter Dr SE, Cleveland, TN 37323

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