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508 Ruritan Rd
Harriman, TN 37748
Retail Property For Sale
PROPERTY FACTS
About 508 Ruritan Rd , Harriman, TN 37748
Single-tenant grocery retailer in Harriman, TN. 5 years remaining on initial term with two 5-year options. 10 percent rent increases during each option. Tenant has agreed to execute first option at close of sale to create 10-year lease obligation. Tenant pays percentage rent of 1.75% of sales subject to a monthly minimum. Tenant responsible for repairs excluding roof, parking lot, and HVAC above $1,000. Tenant responsible for real estate taxes in excess of those assessed in 2013 (year of lease execution). Grocery Outlet is a brand of Bargain Barn/United Grocery Outlet, the largest closeout grocer in the Southeast with 36 locations.
PROPERTY TAXES
| Parcel Number | 036G-E-001.00 | Improvements Assessment | $357,520 |
| Land Assessment | $67,280 | Total Assessment | $424,800 |
PROPERTY TAXES
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