2800 E Governor John Sevier Hwy

    Knoxville, TN 37914
    • $749,900
    • STATUS: Active
    • ON SITE: 696 days
    • ID#: 213916
    UPDATED: 51 min ago
    $749,900
    • 0
      BEDS
    • 2.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,704
      SQFT
    • $277
      $/SQFT
    Type:
    Commercial
    Built:
    1989
    County:
    Area:

    School Ratings & Info

    Listing courtesy of Nai Koella | Rm Moore.


    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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    Copyright 2019 Great Smoky Mountains Association of Realtors. Some of the listings on this website are shown by cooperative agreement, and may not be listings of Colonial Real Estate. Information deemed reliable but not guaranteed. Last updated 2019-12-15T23:15:37.35.
    www.smokylistings.com/homes/80066488

    2800 E Governor John Sevier Hwy Knoxville, TN 37914

    • Price: $749,900
    • Status: Active
    • Updated: 51 min ago
    • ID#: 213916
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.22
    Acres
    2,704
    SQFT
    $277
    $/SQFT
    1989
    Built
    Neighborhood:
    Forks Of River Indus.Park
    County:
    Knox
    Area:
    Knoxville
    Property 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.
    Exterior Features

    Access City StreetPaved Road Construction BlockMasonry Exterior Features LightingOnsite ParkingPaved ParkingPole Sign Lot Front 360 Parking Onsite

    Interior Features

    Basement None Stories One

    Property Features

    Annual Tax 3982 Business Name C-Store With Deli Commercial Type Fee Simple Improved Common Area Maintenance Per Month 0 Current Use Convenience StoreFood Service District Cou Hoa Per Month 0 Lease Terms Years 5 Lot Block Unit 1 Monthly Lease 3700 Possession Negotiable Proposed Financing CashConventional Restrictive Covenants Yes Sale Or Rent For Sale Suitable Use Convenience StoreFood Service Tax Year 2016 Utilities GasSewerUtility Water Available Zoning Comm./Indust. Zoning Entity Other

    Copyright 2019 Great Smoky Mountains Association of Realtors. Information deemed reliable but not guaranteed.
    Copyright 2019 Great Smoky Mountains Association of Realtors. Some of the listings on this website are shown by cooperative agreement, and may not be listings of Colonial Real Estate. Information deemed reliable but not guaranteed. Last updated 2019-12-15T23:15:37.35.
     
    Colonial Real Estate
    3049 Veterans Blvd
    Pigeon Forge TN, 37863
    Listing courtesy of Nai Koella | Rm Moore.