Description
This is the sale of commercial property for investment on approximately 2.22 acres, subject to the lease of the Convenience Store, Gas Station and Deli. The lease could possibly be terminated. The property is located at Forks of the River Industrial Park, Knoxville's largest industrial park at 1,460 acres. Some of the approximately 50 businesses that the industrial park serves as home to are Kuerig Green Mountain, Melaleuca, Inc., Aqua-Chem, Fresenius Medical Care North America, and Republic Plastics. There is access at a signalized intersection, with easy access and great visibility. Cap rate is approx. 5.9%, lease term of 5 years with 3 x 5 year renewal options. At the beginning of each renewal option, there is a 5% increase or the current CPI increase whichever is more.
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0BEDS
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2.22ACRES
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0BATHS
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01/2 BATHS
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2,704SQFT
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$277$/SQFT
School Ratings & Info
Description
This is the sale of commercial property for investment on approximately 2.22 acres, subject to the lease of the Convenience Store, Gas Station and Deli. The lease could possibly be terminated. The property is located at Forks of the River Industrial Park, Knoxville's largest industrial park at 1,460 acres. Some of the approximately 50 businesses that the industrial park serves as home to are Kuerig Green Mountain, Melaleuca, Inc., Aqua-Chem, Fresenius Medical Care North America, and Republic Plastics. There is access at a signalized intersection, with easy access and great visibility. Cap rate is approx. 5.9%, lease term of 5 years with 3 x 5 year renewal options. At the beginning of each renewal option, there is a 5% increase or the current CPI increase whichever is more.
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