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Strickland Brothers | Greeneville, TN 635 E Andrew Johnson Hwy 1,744 SF Retail Building Greeneville, TN 37745 $985,000 ($564.79/SF) 6.50% Cap Rate
Investment Highlights
- Single-Tenant Corporate Strickland Brothers 10 Minute Oil Change: Corporate-guaranteed lease
- 15-year lease with four 5-year options
- 10% rent increases every five years
- Absolute NNN lease with zero landlord responsibilities
- Fee simple investment ideal for bonus depreciation (land and building)
- Prime Position in Greeneville’s Dominant Retail Corridor: The subject property is located along US-11E
Executive Summary
Absolute NNN 15-Year Lease | 300+ Systemwide Units Full Corporate Guaranty | High Traffic Location; 34,500 CPD
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
1,744 SF
Building Class
C
Year Built
1987
Price
$985,000
Price Per SF
$564.79
Cap Rate
6.50%
NOI
$64,025
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.24 AC
Opportunity Zone
Yes
Zoning
M1
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Strickland Capital Llc
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Strickland Capital Llc | - | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 087-077.01 | Improvements Assessment | $19,040 |
| Land Assessment | $52,280 | Total Assessment | $71,320 |
Property Taxes
Parcel Number
087-077.01
Land Assessment
$52,280
Improvements Assessment
$19,040
Total Assessment
$71,320
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