Triple net investments For Sale | Triple Net / Sale | Quick Serve Restaurant

1605 Decatur Pike . Athens , TN 37303

1605 Decatur Pike Athens, TN 37303

Posted: 08/14/2017 2:27 pm | On HOMEiZ: 2449 days | Updated: 6 years ago | Views: 2599

Location Map

Property Type

Property status

Sold

Property Price

Asking Price

$1497391

Last Sold Price

$1497391

Last Sold Date

08/07/2015

Property Location & Description

Listing Headline

1605 Decatur Pike Athens, TN 37303

Property Description

The subject property is located in Athens, TN just off I-75 hallway between Knoxville, TN and Chattanooga, TN.

Tenant Information

Tenant Overview

National Tenants (Public company)

No. of Locations

19,952

Credit Rating

Total Revenue

392m

Net Worth

21B

Headquarters

Duluth, MN

Tenancy Type

Tenancy

Single

Tenant is a Franchise

Yes

Number of Tenants

Corporate Overview

Stock Symbol

Yum

Property Overview

Year built

1976

Overall Property Condition

Good

Construction Status

Exist

Total Building Sq. Ft.

3372

Total Lot Size

33977 Sq. Ft.

Net Leasable Area

3372 Sq. Ft.

APN#

056-116-00

Parking Type

Off-street

Distressed

Number of Floors

Income

Commission split %

Price per Sq. Ft.

$444

Cap Rate

5.67%

NOI

$84902

Rent to sales ratio

Annual Property Tax Rate for this property

Responsibility for Property Tax increase

Tenant

Lease overview

Lease Remaining Years

years:

Renewal Options

Annual Rent Increase %

N/A%

Lease Guarantor

Lease Structure

Lease Type

100% Absolute Triple Net Lease (NNN Lease)

Sewer

Type of Sewer

Sewer System (Public)

Investment Overview

Type of use

Investor

Ownership Overview

Ownership Type

Fee simple absolute

Property Highlights

More information

Listing Info

Listing ID: 658

Sold

For Sale

$1,497,391

Listing Presented by

Disclimer: Any information relating to a property referenced on HOMEiZ.com comes from the listing provider who wishes to post a listing on HOMEiZ.com. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. HOMEiZ does not verify the property information submitted in HOMEiZ.com and cannot guarantee the accuracy of the information. No warranties or representations are made of any kind. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.