loader
Join Free
DOM: 88 Updated: 07.22.24 Posted: 10.25.23 Status: Sold 01.22.24

Summary

Price $1,775,000 $1,881,000
Built/Renov 1992/2023
Tenant Service Street Auto Repair #2
Cap Rate 7.15% 6.75%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 4,224
Lease Start 05-01-2023
#Units 20
Price/SF $420.22 $445.31
Expiration 04-30-2043
Tenant Type Automotive
NOI $127,000
R. Term 17.12
Ownership Fee Simple
Rent/SF $30.07
Increases 10.0%/4/yrs
Pop 5Mi 140,634
Lot/AC 0.59
Options 6/5yrs/10%
AHHI 5Mi $110,819

Lease Highlights

  • New 2023 renovations
  • Service Street Auto Repair recently signed a brand new 20-year lease with 4 (5-year) options to extend
  • Lease features 10% rental increase every 5 years throughout the initial term and at the start go each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee by Drive Automotive Services

Location Description

This brand-new Service Street Auto Repair is ideally located, with excellent visibility and access along State Highway 11 (Kingston Pike) which sees 26,000+ vehicles passing by daily. State Highway 11 is positioned near the intersection of US Hwy 75 (189,900 VPD) and US HWY 140, providing additional traffic flow to the property. Nearby national tenants include Walgreens, Harbor Freight Tools,...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Service Street Auto Repair is an auto repair shop brand that offers a wide range of services. Their team of experienced and certified mechanics are capable of handling any type of repair or...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 7,390 71,921 146,012
2023 Total Population : 7,183 69,985 141,375
2023 Employed Civilian Pop : 3,642 37,768 75,055
2023 Total Businesses : 1,094 3,423 6,748
2023 Average Household Income : $ 87,320 $ 115,968 $ 122,949
2023 Total Consumer Spending : $ 258 M $ 3005 M $ 6203 M
2023 Median Age : 36 40 40
2023 Total Households : 3,384 30,252 58,994
2023 Pop Age 25+: Bachelor's Degree : 2,019 17,121 33,585
2023 Average Home Value : $ 369,145 $ 377,950 $ 387,402
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Kingston Pike Ebenezer Rd 2005 32,081 0.04 mi
Kingston Pike Clearfield Rd 2005 20,892 0.25 mi
SOUTHWEST KNOXVILLE Tyrone Dr 2019 18,751 0.26 mi
South Peters Road Tyrone Dr 2022 18,927 0.31 mi
Ebenezer Road Wessex Rd 2022 4,491 0.38 mi
EBENEZER RD. Rosemont Blvd 2021 4,822 0.38 mi
Kingston Pike Brandon Rd SW 2005 29,751 0.42 mi
S Cedar Bluff Rd Elkmont Rd SW 2005 6,772 0.50 mi
N Peters Rd Harry LnBlvd 2005 22,813 0.51 mi
CEDAR BLUFF RD. N Cedar Bluff Rd 2021 28,137 0.52 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity