7342 S R 28

    Dunlap, TN 37327
    • $2,100,000
    • STATUS: Active
    • ON SITE: 56 days
    • MLS #: 20195660
    UPDATED: 40 min ago
    $2,100,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 31,134
      SQFT
    • $67
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1977
    County:
    Area:

    School Ratings & Info

    Description

    Prime Investment Property located in opportunity zone. The property is fully occupied and the current tax appraisal is $2,150,600. Annual net income from leases is $181,766 and will increase annually per terms of individual leases. Existing tenants include Tractor Supply, Dollar Tree, and Factory Connection. Leases are triple net with common area maintenance (CAM) charges for maintenance, insurance and property taxes. The building has a new roof and HVAC's within the last five years. Total lot size is 5.3 acres with room for additional strip center or out parcel building on the property. There is 423 ft fronting on State Route 28 and 194 ft fronting on U S Hwy 127. The gross leasable area is 31,134 s.f. Agent is Owner.

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    © 2019 River Counties Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices J Douglas Properties. Data last updated: 2019-11-20T09:47:30.413.
    www.theedringtonteam.com/homes/99280098

    7342 S R 28 Dunlap, TN 37327

    • Price: $2,100,000
    • Status: Active
    • Updated: 40 min ago
    • MLS #: 20195660
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    31,134
    SQFT
    $67
    $/SQFT
    1977
    Built
    Neighborhood:
    Dunlap
    County:
    Sequatchie
    Area:
    Dunlap
    Property Description
    Prime Investment Property located in opportunity zone. The property is fully occupied and the current tax appraisal is $2,150,600. Annual net income from leases is $181,766 and will increase annually per terms of individual leases. Existing tenants include Tractor Supply, Dollar Tree, and Factory Connection. Leases are triple net with common area maintenance (CAM) charges for maintenance, insurance and property taxes. The building has a new roof and HVAC's within the last five years. Total lot size is 5.3 acres with room for additional strip center or out parcel building on the property. There is 423 ft fronting on State Route 28 and 194 ft fronting on U S Hwy 127. The gross leasable area is 31,134 s.f. Agent is Owner.
    Exterior Features

    Accessibility Govt. Maintained Road Cooling Type Central Cooling Heating Type Central Land Type Retail Location Type Strip CenterFree StandingCity Material Type BlockBrick Parking Asphalt/BlacktopAttached Road Frontage Us HighwayState/County Road Roof Flat Sewer Public Sewer System Structure Condition Excellent Water Source Public Water

    Interior Features

    Sq Ft Range 3000-5999

    Property Features

    Approx Lot Dimensions 5.3 Acres Business Only A Going Concern Est Gross Annual Receipt 00 Estimated Age Range 21-25 Years Lender Approved Short Sale No Owner Finance Available No Possession Negotiable Retail Type Free Standing BuildingStreet Retail Shopping Center Convenience/Strip Center Source Tax Record Special Purpose Other - See Remarks Third Party Approval Req No Type Retail/Commercial Type Of Sale Owner

    Listing provided courtesy of Pamela Brown of Century 21 Professional Group.


    © 2019 River Counties Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices J Douglas Properties. Data last updated: 2019-11-20T09:47:30.413.
     
    Berkshire Hathaway HomeServices J Douglas Properties
    100 Tremont St
    Chattanooga TN, 37405