Two Restaurant Portfolio Sale

Retail-Commercial for Sale
Catylist Listing ID: 30269139
Property Subtypes: Restaurant
Building Size (RSF): 5,028 SF
Gross Building Area: See Agent
Gross Land Area: 2.30 Acres
Sale Price: $1,600,000
Unit Price: $318.22 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 6.4%
Last Updated: 3/20/2019

Overview / Comments

Great Investment Opportunity! 2 restaurant properties - Kingsport and Rogersville!

Kingsport - 1912 Enterprise Place - This property is situated at the gateway to Kingsport and Eastman Chemical Company at I-26, Exit 4. A free standing 2,887 sq ft restaurant on 1 acre, currently operating under long term lease to Wendy's with options to renew remaining. It is a 6.4% CAP. Nice hospitality location with Hampton Inn, Quality Inn and Comfort Suites in immediate vicinity. Great traffic counts and super visibility fronting John B Dennis Hwy next to Hardees. Nearby retailers include Dollar General, Price Less Foods, Burger King, and McDonald's. Lease details and financials available to serious inquiries only.

Rogersville - 110 James Richardson Lane - Fronting busy Hwy 11E in the heart of Rogersville business district. Built in 1999, the 2,151 sq ft building is ready for a new business. Property features a drive thru with two service windows and large parking area on 1.2 acres. Situated at the entrance to the Hawkins County Courthouse, this property sits between Advance Auto and Burger King with Comfort Inn and Lifestyle Fitness nearby. This is a great opportunity for new or relocating fast food restaurant, casual dining, coffee shop or other business desiring busy Rogersville location. Property also for lease, see separate listing.

Each property also for sale individually, see separate listings. For further information on this portfolio sale, contact listing agent.

Additional Details

Nearest MSA: Kingsport-Bristol-Bristol
County: Sullivan
Tax ID/APN: 075 003.20; 101 015.09

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 24,312 63,488
Median Age: 45.14 43.73
Households: 10,856 27,578


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