Listing Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, freestanding American Fundraising Group investment property located in Piney Flats, Tennessee (Johnson City MSA).
Full Description
Description SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, freestanding American Fundraising Group investment property located in Piney Flats, Tennessee (Johnson City MSA). The tenant, American Fundraising Group recently signed a brand new 5-year lease with no options to extend, demonstrating their commitment to the site. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. Location The property is located along Bristol Hwy, which averages 25,700 vehicles passing by daily and is a major retail thoroughfare serving the city of Piney Flats. The Industrial building is positioned across Bristol Hwy from a Tractor Supply Co and Dollar General, which helps draw consumers into the trade area. Additionally, the asset located east of Interstate 26, a major north/south travelling highway that averages more than 37,500 vehicles passing by daily. Furthermore, the property is in the center of a primary retail corridor with other nearby national/credit tenants including Food City, Shell, Cracker Barrel, and more, further increasing consumer traffic to the site. The building benefits from excellent visibility and access via significant street frontage. The 5-mile trade area is supported by a population of over 40,100 with an average household income of $102,044.
Quick Glance
- Listing ID:
CL-Tennessee-12342
- Status:
Active
- Year Build:
1984
- Building Size:
15,313 SqFt
- Lot Size:
53,966.00 Acre