For Sale
$1,160,000
2318 Tn-160 Newport, TN 37821
High-yield NNN lease, strong tenant.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 134
Highlights
- $1,160,000 asking price for this 9,026 square foot grocery store.
- Net lease (NNN) investment with a 7.44% cap rate and $86,340 annual net operating income (NOI).
- 15-year absolute NNN lease with approximately 8 years remaining.
- Tenant responsible for all property expenses; low-maintenance, passive income opportunity.
- High-credit tenant with minimal local competition.
Property Details for 2318 Tn-160
- Property type
- Retail properties, Grocery and convenience stores
- Square Feet
- 9,026 SF
- Buildings
- 1
- Stories
- 1
Location Insight
- City
- Newport
- County
- Cocke
- State
- Tennessee
- Latitude
- 36.0813868
- Longitude
- -83.1667006
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-yield NNN lease, strong tenant.
- Where is the retail property located?
- The property is located at 2318 Tn-160 Newport, TN.
- What is the asking price?
- The asking price for this property is $1,160,000.
- What are key features of this property?
- This property features: $1,160,000 asking price for this 9,026 square foot grocery store.; Net lease (NNN) investment with a 7.44% cap rate and $86,340 annual net operating income (NOI).; 15-year absolute NNN lease with approximately 8 years remaining.
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