725 Highway 321 N | Lenoir City, TN 37771
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725 Highway 321 N
Lenoir City, TN 37771
Aldi Store · Retail Property For Sale
PROPERTY FACTS
Property Type
Retail
Property Subtype
Bank
Building Size
16,400 SF
Building Class
C
Year Built
1992
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.85 AC
Zoning
C-3
Parking
25 Spaces (2.19 Spaces per 1,000 SF Leased)
Frontage
About 725 Highway 321 N , Lenoir City, TN 37771
Ground lease for brand new Aldi Store in metro area of Knoxville, Tennessee Very good location on busy intersection. Former bank headquarters located on the property. It was removed for the Aldi Store. The store has an 8% increase in year 10 and year 15 of a 20 year lease. There are 4 five year options extending lease out to a total of 40 years with each option having an 8% increase.
PROPERTY TAXES
| Parcel Number | 015M-A-028.00 | Improvements Assessment | $643,560 |
| Land Assessment | $273,240 | Total Assessment | $916,800 |
PROPERTY TAXES
Parcel Number
015M-A-028.00
Land Assessment
$273,240
Improvements Assessment
$643,560
Total Assessment
$916,800
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