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Express Oil Change 3855 Fort Henry Dr 4,335 SF Retail Building Colonial Heights, TN 37663 $3,342,470 CAD ($771.04 CAD/SF) 5.75% Cap Rate
Investment Highlights
- Excellent Corporate Guarantee from Leading Tire Retailer
- Strong Frontage Right Off Signalized Intersection
- Income Tax-Free State
- Internet-Resistant and Service-Oriented Use
Executive Summary
Surmount is pleased to present the exclusive listing for an Express Oil located at 3855 Fort Henry Drive, Kingsport, TN 37663. The site consists of roughly 4,335 rentable square feet of building space on an estimated 0.55-acre parcel of land. Express Oil is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $140,000 and has scheduled increases of 5.00% Every 5 Years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
4,335 SF
Building Class
B
Year Built
2004
Price
$3,342,470 CAD
Price Per SF
$771.04 CAD
Cap Rate
5.75%
NOI
$192,192 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.55 AC
Zoning
PBD
Parking
10 Spaces (2.31 Spaces per 1,000 SF Leased)
Frontage
120’ on Fort Henry Dr
Amenities
- Pylon Sign
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $506,978 CAD | |
| Land Assessment | $304,679 CAD | Total Assessment | $811,657 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$304,679 CAD
Improvements Assessment
$506,978 CAD
Total Assessment
$811,657 CAD
Contacts
-
Matthew Anuszkiewicz -
Robert Stein -
John McHugh -
Glen Kunofsky -
Christopher Marks -
Surmount
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Express Oil Change | 3855 Fort Henry Dr
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