Free-standing Retail Property For Sale and For Lease

Highlights

Description

This 1.05-acre tract is improved with a 9,014 SF retail building that was leased to Dollar General Corporation through 12/31/2023. The store is now vacant. A new larger format (12,687 SF) Dollar General Market has opened directly across the highway from this property.

Some possible uses to consider: general merchandise store; hardware store; auto parts store; entertainment (arcade, etc.); social services; daycare center.

A future Tennessee Department of Transportation highway expansion project known as the Highway 32 Project is under consideration but the project is not currently funded.

Stand-alone retail building on 1.05 acre lot. Available for sale and for lease.

Net Net (NN) Lease. Lessor responsible for roof repairs & roof maintenance. Lessee responsible for property taxes, insurance costs and all other operating expenses. $6,098.00 per month base rent ($7.00 per SF per year). 5-year initial term. Premises are divisible into two 4,507 sq.ft. rentable spaces, or as otherwise agreed to by Landlord.

Located on Cosby Highway (Highway 32) in Cosby, Cocke County, Tennessee.

Documents

Units for Lease