2855 US-64

2855 US-64, Hickory WitheTN 38028

$475,000

Listing Details

List Price
$475,000
Terms
5
Total Income
$57,000
Cap Rate
8.5%
List Date
7/22/2020
Show Instructions
Call broker
Listing ID
24833506

OFFICE FOR SALE

CRYE-LEIKE COMMERCIAL is pleased to present for sale a single tenant sale-leaseback. The property consists of a 2700 square foot main building with detached 20x40 storage building. With a total proposed annual net operating income of $57,000 and cap rate of 8.5%, this investment offering is a unique opportunity for a qualified investor to own a highly functional office/flex building with flexible uses in a desirable growth location. Moreover, the investment offers stable in-place cash flow from a solid maintenance management company who has occupied the building since last purchased in 2011 and will guarantee a new five year term beginning at closing. The proposed lease will be triple net, (NNN). The property is situated on 1.7 acres in Fayette County's extremely busy growth corridor featuring low taxes and easy access to I-40, I-385, and Memphis International Airport.

Tenant: Brite Solutions www.britenationwide.com

Space Details

Primary Use
Office
Secondary Uses
Flex/R&D
Investment
Yes
Offices
1
Total Parking
18

Contact

No agents are currently associated with this space.

Property Highlights

Type
 Office
Size
1.76 Acres

Source: Eric Fuhrman, CCIM

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