Autozone Etowah, TN

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30010244
Property Subtypes: Free-Standing Building
Status: Pending
Building Size (RSF): 6,818 SF
Gross Building Area: See Agent
Gross Land Area: 0.96 Acres
Sale Price: $1,060,000
Unit Price: $155.47 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 6.5%
Last Updated: 3/9/2017

Overview / Comments

Freestanding Autozone Store in the heart of the HWY 411 Etowah Trade area.
Frontage directly on HWY 411 with excellent visibility and access. NN lease

Current Tenants

Tenant Business Name Autozone
Is Renting? Yes
Annual Revenue $73,289 (Annual)
SF of Space Occupied 6,818 SF
Current Rent $11 PSF (Annual)
Lease Expiration 4/2021
Escalations 3% every 2 years during current option. 13% in next option
Options 3- 5 year renewals
Tenant Notes NN Lease - Tenant responsible for Re Taxes, Insurance, CAM, HVAC cap $1,000/year, Parking lot maintenance.

Additional Details

Nearest MSA: Athens
County: McMinn
Year Built: 2006
Easements Description: Cross easement with adjacent property. Cross easement map attached.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 665 8,184 10,772
Median Age: 41.91 44.09 43.8
Households: 288 3,349 4,327


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