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521 S Cumberland St 9,171 SF Retail Building Morristown, TN 37813 $1,780,947 CAD ($194.19 CAD/SF) 7.25% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Dense Residential Pocket & Easy Access to Consumer Base
  • ew Construction & Development
  • High Growth Tennessee Market (Knoxville MSA)

EXECUTIVE SUMMARY

This store is located along S Cumberland St (+13,250 VPD) in the heart of Morristown, and is situated directly between College Square Mall, the downtown district, Morristown East High School, Morristown West High School, Lincoln Heights Elementary, Walters State Community College, Tennessee College of Applied Technology (TCAT), any many other national retailers, public parks, medical facilities, etc.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Building Size
9,171 SF
Building Class
C
Year Built
2012
Price
$1,780,947 CAD
Price Per SF
$194.19 CAD
Cap Rate
7.25%
NOI
$129,119 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
1.24
Lot Size
0.17 AC
Frontage
325’ on Cumberland St
Walk Score®
Very Walkable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Regions Bank
First Bank And Trust
Starbucks
Food City
First Horizon Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
034P-D-046.00
Land Assessment
$119,993 CAD
Improvements Assessment
$305,739 CAD
Total Assessment
$425,732 CAD
  • Listing ID: 36113432

  • Date on Market: 2025-06-04

  • Last Updated:

  • Address: 521 S Cumberland St, Morristown, TN 37813

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