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2318 Highway 160
Retail | 7.44% CAP | 9,026 SF
Listing Contacts
License: NC 139403, SC 2953
License: SC 93051
Active
Asking Price: $1,160,000
Address
2318 TN-160, Newport, TN 37821
Show on MapDate Added
Sep 22, 2023
Days on Market
545 days
Time Since Last Update
38 days
Details
Property TypeRetail
SubtypeGrocery Store
Investment TypeNet Lease
Lease TypeNNN
Square Footage9,026
Price/Sq Ft$128.52
Cap Rate7.44%
NOI$86,340
Buildings1
Stories1
APN014076.01
Marketing Description
Lee & Associates Greenville / Spartanburg is pleased to present this ±9,026 SF investment opportunity for sale located at 2318 Highway 160 in Newport, TN.
Investment Highlights
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15-year absolute NNN lease with close to 8 years of term remaining
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Tenant is responsible for all property expenses
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Hassle free investment opportunity to receive “mailbox money”
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High credit Tenant with little competition in the immediate vicinity of the property
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$86,340.00
$7,195.00/mo
Valuation Metrics
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0
DSCR
7.44%
Cap Rate
7.44%
ROI
Property History
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Due Diligence
Listing Contacts
- License: NC 139403, SC 2953
- License: SC 93051
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