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 | |
Updated | January 31st, 2022 |
Type | Retail |
Price | $535,000 |
Building | 1,800 Sq. Ft. |
Land | 1 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.