Listed by Keller Williams Gateway LLC
$600,000
UPDATE!! RESTRUCTURED LEASE, NNN, RENEWED FOR 7 YEARS!
Details
APN 020E K 01500
Property Type Mixed Use, Office
Sub Type Creative Office, Executive Office
Square Footage 1,670
Units 1
Cap Rate 8.4%
NOI $50,400
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 14
Lease Expiration 10/01/2034
Remaining Term 8.2
Rent Bumps Yes
Price per SqFt $359
Broker Co-Op Yes
Class B
Year Built 1949
Year Renovated 2018
Buildings 1
Stories 1
Acreage 0.166
Zoning C-3
Parking Spaces 7 spaces
Parking per 1,000 SqFt 4.19
Investment Type Net Lease
Lease Commencement 10/01/2020
Occupancy Date 10/01/2020
Ground Lease No
Renovated w Amazing Tenant
Marketing description
Don’t miss out on the chance to invest in the heart of up-and-coming Lenoir City! Great property in a fabulous area. Recently and extensively renovated with reinforced concrete driveway and garage built to house an ambulance. Property is currently being occupied by wonderful long-term tenants (Priority Ambulance), and being used as one of their offices and dispatch locations.
Investment highlights
NNN lease
renewed for an additional 7 years
fabulous long-term tenants
recently renovated
Listing Contacts
Listed by Keller Williams Gateway LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$50,400.00
$4,200.00/mo
Valuation Metrics
0
DSCR
8.4%
Cap Rate
8.4%
ROI
Map
Zoning
R-2 ResidentialMulti FamilyMedium Density Residential District
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View all 14 uses
View all 14 uses Last updated May 20, 2026 For deeper zoning details, reports are available at Zoneomics
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