For Sale
$1,160,000
2318 Tn-160Newport, TN 37821
High-yield NNN lease, strong tenant.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 114
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
2318 Tn-160, Newport, Tennessee
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