Listed by Marcus & Millichap - Fort Lauderdale
$3,118,000
Shops at Montvue Place
Details
APN 120JB00802 and 120JB00803
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Net Rentable (SqFt) 10,800
Units 2
Cap Rate 7.25%
NOI $226,058
Occupancy 100%
Tenancy Multi
Brand/Tenant Anytime Fitness, Big Kahuna Wings
Lease Type NNN
Rent Bumps Yes
Broker Co-Op Yes
Year Built 1972
Year Renovated 2018
Buildings 1
Stories 1
Acreage 0.590
Investment Type Net Lease
Attractive Two NNN Tenant Investment | Key Location | Excellent Demographics
Marketing description
Well locate, attractive building with two established NNN tenants, Anytime Fitness and Big Kahuna Wings.
Investment highlights
- Located on the Main Retail Corridor, Surrounded by Major Retailers and Adjacent to the Newly Renovated West Town Mall, the Largest Mall in Tennessee at Over 1.3 Million Square Feet with Tenants including Apple, Tesla, Lululemon, Williams-Sonoma and Pottery Barn
- Only 25 Minutes from Knoxville Airport and 9 Miles from Downtown Knoxville
- Easily Accessible from I-40 with Traffic Counts of Over 178,000 VPD
- Anytime Fitness is Operated by a Seasoned Franchisee with Over 60 Locations Nationwide
- Renovated in 2018, the Building is Architecturally Enhanced with an Attractive Facade and a Large Dedicated Patio Area at Big Kahuna Wings
- Average Household Income of Over $114,000
- Located in Knox County, with the Second Highest Population Growth in TN
Listing Contacts
Listed by Marcus & Millichap - Fort Lauderdale
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$226,058.00
$18,838.17/mo
Valuation Metrics
0
DSCR
7.25%
Cap Rate
7.25%
ROI
Map
Zoning
C-G-3 CommercialGeneral CommercialGeneral Commercial 3
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