Property Listing No Longer Available for Sale

1143 Oak Ridge Turnpike Suite 109

Oak Ridge, TN

Retail for Sale - $535,000 - 1,800 Sq. Ft. on 1 acres


Property Info

CIMLS#1106407
Location
  1143 Oak Ridge Turnpike Suite 109
  Oak Ridge TN 37830
UpdatedJanuary 31st, 2022
TypeRetail
Price$535,000
Building1,800 Sq. Ft.
Land1 acres

Property Description

Net leased retail condominium located in Central Park Commerce on Oak Ridge Turnpike. The condominium is net leased to B Squared Enterprises, LLC, a Firehouse Subs Franchisee. The lease has an expiration date of October 30, 2027, with two five (5) year renewal options with 5% rent increases for each renewal period. “The Lease is intended to be a triple net lease".

The restaurant has a seating capacity of roughly 65.

The property enjoys excellent visibility from Oak Ridge Turnpike which has an average daily traffic count of approximately 21,853.

B Squared Enterprises, LLC was awarded the Axe Award as the Mid-Atlantic Franchisee of the Year for 2020. B Squared owns and operates a total of 10 Firehouse Subs restaurants located in Knoxville, Oak Ridge, Maryville, Farragut, Pigeon Forge, Lenoir City, Cookeville, Tennessee and Crossville, Tennessee.


Financials