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608 Oak Ridge Tpke
Oak Ridge, TN 37830
Enterprise · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Annual Rent Increases – Allows for boosted cash-flow on an annual basis.
  • Low Land Basis – Site is below replacement cost with 2 drive thrus (Former QSR).
  • Below Market Rent – Very easy to replace if tenant were to ever leave.
  • High Credit Tenant – Enterprise credit rating upgraded to A- in September 2023, due to phenomenal business model and success.
  • Major New Developments Nearby – 350 new units of Multifamily with over ±25,000 SF of new construction retail being developed within a 2-mile radius.

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
1,233 SF
Building Class
B
Year Built
1990
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.53 AC
Parking
30 Spaces (24.33 Spaces per 1,000 SF Leased)
Frontage
56’ on Oak Ridge

AMENITIES

  • Pylon Sign
  • Signage
  • Drive Thru

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
094O-B-057.00
Land Assessment
$175,760
Improvements Assessment
$70,440
Total Assessment
$246,200
  • Listing ID: 31510991

  • Date on Market: 4/15/2024

  • Last Updated:

  • Address: 608 Oak Ridge Tpke, Oak Ridge, TN 37830

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