Tuffy / Car X Tire & Auto, Knoxville MSA

10839 Kingston Pike (US Hwy 11/70)
Farragut, TN 37934

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Increases to 8.80% in February 2014
Located in 3rd largest metro area in the state with an MSA population over 750,000
20-year NNN corporate lease with 10% rent bumps every 5 years. The primary term has an 9.3% average return
Property is part of the highly desirable and affluent Farragut / Turkey Creek trade area that consists of retail, restaurants, hotels, auto dealers, hospitals and other service industries
Excellent visibility and high traffic counts in excess of 33,000 cars per day in front of property
Strong corporate tenant with solid financials and approx 400 locations in 21 states
Population of more than 90,900 in a 5-mile radius of property representing over 24.9% growth since 2000 and average household income of $94,079
Knoxville is the economic and recreational hub for the East Tennessee region

Square Feet:

5,058

Acreage:

1.027

Cap Rate:

8.0%

Price:

$1,746,250

Property Type:

NNN

Purchase Type:

For Sale

Contact:

Tyson Glasser, CCIM

(864) 263-5427