Huddle House and Commercial lot beside Huddle House
**** Reduced***Retail | 2,628 SqFt
Marketing description
*** Bank owns property currently. Looking to sell.
Prime Commercial Property with High Traffic Exposure - Marion County, TN
Location: Off I-24, Marion County, TN
Size: 2.8 Acres
Existing Structures: Concrete Pad, Storage Unit, Pavilion
Utilities: Fully Installed, Soil Test Completed
Lease Terms: 15-Year Lease, 4% Annual Rent Increase
Overview:
This exceptional commercial property offers a unique opportunity for investors and developers, located just off the high-traffic I-24 corridor in Marion County, TN. With 2.8 acres of prime land, all essential utilities brought to the site, and existing infrastructure including a concrete pad, storage unit, and a pavilion, this property is ready for immediate use or further development.
Key Features:
- Strategic Location: High visibility and traffic volume with easy access from I-24. The property is located in a bustling commercial hub, surrounded by established businesses including two restaurants, a hotel, and a popular fireworks store.
- Development Ready: All land work has been completed, including soil testing, making this property an ideal candidate for a variety of commercial uses. The existing pavilion and storage unit provide immediate functionality for events or business operations.
- Venue Potential: The pavilion and large, open space offer the possibility to host events such as weddings, community gatherings, or corporate retreats. With a growing demand for event venues in the area, this property could generate significant additional revenue.
- Long-Term Income Opportunity: Currently under a 15-year lease agreement with a stable tenant and a 4% annual increase in rent, this property provides a steady, long-term income stream, making it an attractive addition to any real estate portfolio.
- High Foot Traffic: Situated at a busy exit with multiple businesses in close proximity, this location draws high levels of traffic, ensuring visibility and customer flow for any future developments or business ventures.
Potential Uses:
- Commercial Retail/Office Space
- Event Venue/Entertainment Space
- Restaurant or Food Court Development
- Additional Retail or Service-Based Businesses
- Storage Units or Distribution Centers
Investment highlights
Investment Highlights:
Strong Lease Agreement: Secure long-term tenant with 4% annual rent increases.
Prime Location with High Visibility: Attracts both local traffic and out-of-town visitors.
Fully Developed Land: Utilities, soil test, and groundwork completed—ready for use.
Surrounded by Key Amenities: Hotels, restaurants, and retail businesses are in the area, ensuring continued traffic and customer base.
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