This Retail Property is no longer advertised on LoopNet.com.

163 Commons Dr
Martin, TN 38237

Advance Financial 24/7 · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
1,500 SF
Building Class
B
Year Built
2018
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.88 AC
Zoning
CS - Commercial services zoning
Parking
16 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
50’ on Commons Drive

ABOUT 163 COMMONS DR , MARTIN, TN 38237

Located near a lighted intersection and close to University of Tennessee at Martin, this property boasts of new construction in 2018 and is currently occupied by a stable, high-growth tenant. The property is operating under an absolute NNN, 11-year lease, which resets upon purchase and sale and includes two, 5-year options to renew. The lease features attractive rental increases of 2% every year during the base term, and has current annual rent of $96,955. The tenant, Advance Financial 24/7, is the fastest-growing small-dollar loan financial services company in Tennessee and one of the leading companies nationwide within its industry. Founded in 1996, the Nashville-based company has grown to operate 108 locations and employs more than 1,200 representatives throughout Tennessee. For more information, visit www.af247.com.

PROPERTY TAXES

  • Listing ID: 15800576

  • Date on Market: 4/22/2019

  • Last Updated:

  • Address: 163 Commons Dr, Martin, TN 38237