925 W Andrew Johnson Highway
Greeneville, TN
Retail for Sale - $4,715,000 - 35,217 Sq. Ft. on 49299.44 acres
Property Info
CIMLS# | 807470 |
Location 925 W Andrew Johnson Highway Greeneville TN 37745 | |
Updated | August 10th, 2015 |
Type | Retail |
Price | $4,715,000 |
Building | 35,217 Sq. Ft. |
Land | 49299.44 acres |
Property Description
KW Net Lease Advisors is proud to present to you the sale of Carmike Theatre located in 925 W Andrew Johnson Highway Greeneville, TN. The property has Three (3), 5-Year with 10 years remaining on it's primary term.
Location Description:
The Town of Greeneville is nestled at the foot of the Appalachian Mountains, Greeneville' s rich heritage as the home of the 17th U.S. President features the Andrew Johnson National Historic Site and National Cemetery.
Greeneville has grown to a population of 15,170 and is the county seat of Greene County, an area known for its scenic mountains and agricultural traditions.
Highlights:
>> Just under 10 Years Remaining NNN Lease
>> 10.5% Rent Increase in Primary Term 5/1/2019
>> Guarantor Carmike Cinemas (NASDAQ: CKEC)
>> Proven Location with Early Lease Extension
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Financials
Sales Info:
>> Cap rate: 7.0%
>> NOI: $330000