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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 FT 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

PROPERTY TAXES

Parcel Number
092073 04323
Land Assessment
$120,000
Improvements Assessment
$185,080
Total Assessment
$305,080
  • Listing ID: 15800576

  • Date on Market: 4/22/2019

  • Last Updated:

  • Address: 163 Commons Dr, Martin, TN 38237

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