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521 S Cumberland St 9,171 SF Retail Building Morristown, TN 37813 $1,275,823 ($139.11/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Dense Residential Pocket & Easy Access to Consumer Base
- ew Construction & Development
- High Growth Tennessee Market (Knoxville MSA)
EXECUTIVE SUMMARY
This store is located along S Cumberland St (+13,250 VPD) in the heart of Morristown, and is situated directly between College Square Mall, the downtown district, Morristown East High School, Morristown West High School, Lincoln Heights Elementary, Walters State Community College, Tennessee College of Applied Technology (TCAT), any many other national retailers, public parks, medical facilities, etc.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
9,171 SF
Building Class
C
Year Built
2012
Price
$1,275,823
Price Per SF
$139.11
Cap Rate
7.25%
NOI
$92,497
Tenancy
Single
Building Height
1 Story
Building FAR
1.24
Lot Size
0.17 AC
Frontage
325’ on Cumberland St
Walk Score®
Very Walkable (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 034P-D-046.00 | Improvements Assessment | $217,800 |
| Land Assessment | $85,480 | Total Assessment | $303,280 |
PROPERTY TAXES
Parcel Number
034P-D-046.00
Land Assessment
$85,480
Improvements Assessment
$217,800
Total Assessment
$303,280
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521 S Cumberland St
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