Greeneville, TN - NNN Investment Opportunity

Office for Sale
Sale Pending
Catylist Listing ID: 30589789
Property Subtypes: Office Building
Status: Pending
Building Size (RSF): 2,144 SF
Gross Building Area: See Agent
Gross Land Area: 0.78 Acres
Sale Price: $325,000
Unit Price: $151.59 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Superior Financial Services
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/15/2021

Overview / Comments

Small-scale 1031 exchange opportunity available now! This 2,144 sf former bank branch has 4 years remaining on a NNN lease to a money services company. Landlord responsibility is structural maintenance ONLY! Contract rents are easily justified in the market.
All brick construction sits on .78 acre lot fronting a busy 4-lane commercial highway. Excellent curb appeal, access, and visibility. If you’re looking for a solid property, with minimal landlord responsibility, in a smaller investment package, this is opportunity knocking.

Additional Details

Nearest MSA: Greeneville
County: Greene
Tax ID/APN: 030087O D 00101
Property Visibility: Excellent
Highway Access: HIghway 11E
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1994
Roof Type: Gable
Construction/Siding: Brick
Parking Type: Surface
Total Parking Spaces: 12
Heat Type: Electricity
Heat Source: Heat Pump
Air Conditioning: Package Unit
Internet Access: Cable, DSL
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,321 19,843 32,898
Median Age: 44.37 41.22 42.03
Households: 1,103 8,213 13,481


Photograph of Listing Agent

Michael E. Green, CCIM MAI SIOR

Century 21 Legacy
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