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7 Brew | New 15yr Abs NNN Grd Lse w/ Incrs 415 W Elk Ave

960 SF 4-Star Retail Building Elizabethton, TN 37643 $1,563,000 ($1,628/SF) 6.40% Cap Rate

Retail Space Tennessee Elizabethton 415 W Elk Ave, Elizabethton, TN 37643

Investment Highlights

  • Brand New 15-Year Lease | Franchisee Guaranteed Ground Lease | Scheduled Rental Increases
  • Elk Crossing (127,000 SF) | West Towne Square (98,000 SF) |Carter County Plaza (126,000 SF) | Primary Retail Corridor
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Strong Demographics in 5-Mile Trade Area

Executive Summary

• Recently signed a brand new 15 year lease with 4 (5-year) option periods to extend, demonstrating commitment to the site
• Brew Team TN, LLC franchisee guaranteed ground lease
• Features 10% rental increases every 5 years of the lease and at the beginning of each option period, gowing NOI and heding against inflation

Property Facts

Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Fast Food
Building Size
960 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2024
Price
$1,563,000
Price Per SF
$1,628
Cap Rate
6.40%
NOI
$100,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
1.40 AC
Zoning
HC - Highway Commercial
Parking
48 Spaces (50 Spaces per 1,000 SF Leased)

Amenities

  • Freeway Visibility
  • Restaurant
  • Signage
  • Drive Thru

Links

1 of 1

Nearby Major Retailers

Krystal
Workout Anytime
United Grocery Outlet
Title Cash
Cook Out
Starbucks
Anytime Fitness
Ingles
Planet Fitness
Regions Bank

PROPERTY TAXES

Parcel Number 041A-A-010.01 Improvements Assessment $3,960
Land Assessment $132,000 Total Assessment $135,960

PROPERTY TAXES

Parcel Number
041A-A-010.01
Land Assessment
$132,000
Improvements Assessment
$3,960
Total Assessment
$135,960
(502) 442-7074

Contacts

  • Listing ID: 33858856

  • Date on Market: 11/13/2024

  • Last Updated:

  • Address: 415 W Elk Ave, Elizabethton, TN 37643

More public record information on 415 W Elk Ave, Elizabethton, TN 37643

The Retail Property at 415 W Elk Ave, Elizabethton, TN 37643 is currently available for sale. Contact SRS National Net Lease for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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415 W Elk Ave, Elizabethton, TN for sale Building Photo- Image 1 of 4
Elizabethton TN - 7-Brew Coffee
415 W Elk Ave, Elizabethton, TN for sale Building Photo- Image 2 of 4
Elizabethton TN - 7-Brew Coffee3
415 W Elk Ave, Elizabethton, TN for sale Building Photo- Image 3 of 4
Elizabethton TN - 7-Brew Coffee4

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7 Brew | New 15yr Abs NNN Grd Lse w/ Incrs | 415 W Elk Ave
(502) 442-7074 x

7 Brew | New 15yr Abs NNN Grd Lse w/ Incrs | 415 W Elk Ave

1/2

Morgan Zant

(502) 442-7074

(502) 442-7074

Sarah Shanks

(502) 442-7079

(502) 442-7079

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