Advance Financial
Retail | 7.25% CAP | 2,304 SqFt
Marketing description
Introducing a lucrative investment opportunity in the buzzing heart of Knoxville, Tennessee - Single-Tenant Advance Financial. This free-standing property boasts a ±2,304 SF space, net leased to Advance Financial with a lease guaranteed by Harpeth Financial Services, LLC. With a solid cap rate of 7.25% and an annual net income of $132,226, this investment promises both stability and growth. Situated in the East City neighborhood, just minutes from Interstate 640 and Interstate 40, this property presents a desirable location for passive investors seeking a 1031 exchange opportunity. Boasting a strong presence in Knoxville's MSA with 850,000+ residents, Advance Financial is a reputable fintech company offering cash loans with exceptional customer service focus. The property features a 24-hour operation, serving as a beacon for constant foot traffic. Don't miss out on this remarkable investment at 2819 North Broadway, Knoxville, TN 37917. Contact us now to seize this prime investment before it's gone!
Investment highlights
Single Tenant Absolute NNN Lease to Advance Finance with ± 5 Years Remaining – The property is currently under an Absolute Triple Net (NNN) Lease (via expense recapture from tenant) with no landlord responsibilities.
Advance Financial – Better Business Bureau “A+” Organization – Advance Financial’s long-term 'A+' rating reflects its ability to maintain profitability and unrestricted liquidity at levels consistent with the current rating. The system has a solid market presence in a high-growth service area.
Knoxville, TN is experiencing a strong population increase – Knoxville’s population is currently growing at a rate of .7% annually.
Store is Open 24 Hours, indicative of a busy location
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