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Express Oil Change 3855 Fort Henry Dr 4,335 SF Retail Building Colonial Heights, TN 37663 $2,434,783 ($561.66/SF) 5.75% Cap Rate
Investment Highlights
- Excellent Corporate Guarantee from Leading Tire Retailer
- Strong Frontage Right Off Signalized Intersection
- Income Tax-Free State
- Internet-Resistant and Service-Oriented Use
Executive Summary
Surmount is pleased to present the exclusive listing for an Express Oil located at 3855 Fort Henry Drive, Kingsport, TN 37663. The site consists of roughly 4,335 rentable square feet of building space on an estimated 0.55-acre parcel of land. Express Oil is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $140,000 and has scheduled increases of 5.00% Every 5 Years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
4,335 SF
Building Class
B
Year Built
2004
Price
$2,434,783
Price Per SF
$561.66
Cap Rate
5.75%
NOI
$140,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.55 AC
Zoning
PBD
Parking
10 Spaces (2.31 Spaces per 1,000 SF Leased)
Frontage
120’ on Fort Henry Dr
Amenities
- Pylon Sign
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $370,400 | |
| Land Assessment | $222,600 | Total Assessment | $593,000 |
Property Taxes
Parcel Numbers
Land Assessment
$222,600
Improvements Assessment
$370,400
Total Assessment
$593,000
Contacts
-
Matthew
Anuszkiewicz
-
Robert
Stein
-
John
McHugh
-
Glen
Kunofsky
-
Christopher
Marks
-
Brian
Brockman
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Photos
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Presented by
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Express Oil Change | 3855 Fort Henry Dr
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