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120 Interchange Park Dr 4,255 SF Retail Building Lenoir City, TN 37772 $1,821,898 CAD ($428.18 CAD/SF) 8.04% Cap Rate
Investment Highlights
- #2 Fastest Growing County in TN | 22.8% population growth since 2014
- ±13 years remaining in the initial term of the lease
- Located within the most sought-after retail corridor (Hwy 321) in Lenoir City
- Absolute NNN lease — zero landlord responsibilities
- 10% rental increases every 5 years during initial term and renewal periods
- Oversized ±1.13 AC parcel with various redevelopment + backfill options
Executive Summary
Broker Of Record
Hutt Cooke
Matthews Real Estate Investment Services, Inc
356505, 263667 (TN)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
Hutt Cooke
Matthews Real Estate Investment Services, Inc
356505, 263667 (TN)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,255 SF
Building Class
B
Year Built
2001
Price
$1,821,898 CAD
Price Per SF
$428.18 CAD
Cap Rate
8.04%
NOI
$146,453 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.13 AC
Zoning
C4
Parking
45 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Ruby Tuesday, Inc., together with its subsidiaries, engages in the development, operation, and franchise of casual dining restaurants. Ruby Tuesday, Inc. has over 540 Ruby Tuesday brand restaurants in 40 states, 11 foreign countries, and Guam. Their Company-owned and operated restaurants are concentrated primarily in the Southeast, Northeast, Mid-Atlantic, and Midwest of the United States, which they consider to be their core markets.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 015-051.00 | Improvements Assessment | $310,115 CAD |
| Land Assessment | $302,267 CAD | Total Assessment | $612,382 CAD |
Property Taxes
Parcel Number
015-051.00
Land Assessment
$302,267 CAD
Improvements Assessment
$310,115 CAD
Total Assessment
$612,382 CAD
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120 Interchange Park Dr
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