Description
This 1.05-acre tract is improved with a 9,014 SF retail building that is currently leased to Dollar General Corporation through 12/31/2023. The store is not in operation, as a new larger format (12,687 SF) Dollar General Market recently opened directly across the highway from this property. Trade fixtures in the building will not convey with the property. Some possible uses to consider: general merchandise store; hardware store; auto parts store; entertainment (arcade, etc.) A Tennessee Department of Transportation highway expansion project known as the Highway 32 Project is anticipated in the next few years. Conceptual plans indicate that the subject property will lose much of front area with its parking spaces. However, the property has additional undeveloped land adjacent to the side parking lot that could possibly provide for additional parking, possibly 16 spaces. This is a Net Net (NN) Lease. 5 year initial term. Lessor is responsible for roof repairs and roof maintenance. Lessee is responsible for all other operating costs. Building will be sold or leased vacant.
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0BEDS
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1.05ACRES
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0BATHS
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01/2 BATHS
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9,014SQFT
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$9$/SQFT
School Ratings & Info
Description
This 1.05-acre tract is improved with a 9,014 SF retail building that is currently leased to Dollar General Corporation through 12/31/2023. The store is not in operation, as a new larger format (12,687 SF) Dollar General Market recently opened directly across the highway from this property. Trade fixtures in the building will not convey with the property. Some possible uses to consider: general merchandise store; hardware store; auto parts store; entertainment (arcade, etc.) A Tennessee Department of Transportation highway expansion project known as the Highway 32 Project is anticipated in the next few years. Conceptual plans indicate that the subject property will lose much of front area with its parking spaces. However, the property has additional undeveloped land adjacent to the side parking lot that could possibly provide for additional parking, possibly 16 spaces. This is a Net Net (NN) Lease. 5 year initial term. Lessor is responsible for roof repairs and roof maintenance. Lessee is responsible for all other operating costs. Building will be sold or leased vacant.
Copyright 2023 Great Smoky Mountains Association of Realtors. Information deemed reliable but not guaranteed. Listing provided courtesy of Nai Koella | Rm Moore | Office Phone: 8654538111 .