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10321 Chapman Hwy 4,129 - 4,192 SF of Retail Space Available in Seymour, TN 37865
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 10321 | 4,129-4,192 SF | Negotiable | $44.67 CAD/SF/YR $3.72 CAD/SF/MO $187,254 CAD/YR $15,605 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 10321
This offering provides an outstanding opportunity to acquire a full service restaurant in the heart of Seymour, TN. Built in 2002 with ample parking on 1.35 acres, the 1783 grill offers FF&E in place with EQ list available for review. Regular lot dimensions and approximately 170' of Chapman Hwy frontage further highlight this location. The property is well taken care of and recently renovated. Traffic counts approaching 28,000 ADT and continuing to climb, traffic generating neighbors and Seymour continuing to grow further highlight this property. Offered for sale and lease: $2.45M purchase/$32.00 psf lease based on a NNN structure and CPI increases. -4,129 SF building - ample space for retail or restaurant operations - Built in 2002 - modern construction with updated infrastructure - Renovated in 2022 - refreshed and contemporary interior and exterior - Zoned C - flexible zoning for various commercial uses
- Lease rate does not include utilities, property expenses or building services
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 4,192 SF | Gross Leasable Area | 4,192 SF |
| Min. Divisible | 4,129 SF | Year Built | 2003 |
| Property Type | Retail | Parking Ratio | 6.64/1,000 SF |
| Property Subtype | Restaurant |
| Total Space Available | 4,192 SF |
| Min. Divisible | 4,129 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 4,192 SF |
| Year Built | 2003 |
| Parking Ratio | 6.64/1,000 SF |
ABOUT THE PROPERTY
This offering provides an outstanding opportunity to acquire a full service restaurant in the heart of Seymour, TN. Built in 2002 with ample parking on 1.35 acres, the 1783 grill offers FF&E in place with EQ list available for review. Regular lot dimensions and approximately 170' of Chapman Hwy frontage further highlight this location. The property is well taken care of and recently renovated. Traffic counts approaching 28,000 ADT and continuing to climb, traffic generating neighbors and Seymour continuing to grow further highlight this property. Offered for sale and lease: $2.45M purchase/$32.00 psf lease based on a NNN structure and CPI increases. -4,129 SF building - ample space for retail or restaurant operations - Built in 2002 - modern construction with updated infrastructure - Renovated in 2022 - refreshed and contemporary interior and exterior - Zoned C - flexible zoning for various commercial uses
- 24 Hour Access
- Pylon Sign
- Restaurant
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
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10321 Chapman Hwy
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