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Retail Building for Sale or Lease 3297 Cosby Hwy

9,014 SF Retail Building Cosby, TN 37722 £546,933 (£61/SF)

Investment Highlights

  • Stand-alone retail building
  • Current rental income
  • Deeded easement for septic system on another owner's lot to rear of the property
  • Available for occupancy 01/01/2024
  • Cosby Elementary and High School located nearby, across the highway

Executive Summary

This 1.05-acre tract is improved with a 9,014 SF retail building that was leased to Dollar General Corporation through 12/31/2023. The store is not in operation, as a new larger format (12,687 SF) Dollar General Market recently opened directly across the highway from this property. Some possible uses to consider: general merchandise store; hardware store; auto parts store; entertainment (arcade, etc.)
A future Tennessee Dept. of Transportation highway expansion project known as the Highway 32 Project is under consideration but there are currently no definite plans.

Financial Summary (Actual - 2022) Click Here to Access

Annual Annual Per SF
Taxes $99,999 $9.99
Operating Expenses - -
Total Expenses $99,999 $9.99

Financial Summary (Actual - 2022) Click Here to Access

Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,014 SF
Building Class
B
Year Built
2006
Price
£546,933
Price Per SF
£61
Tenancy
Single
Number of Floors
1
Building FAR
0.20
Lot Size
1.05 AC
Opportunity Zone
Yes
Zoning
Unzoned
Frontage
156 ft on Cosby Highway (US 321)

Amenities

  • Corner Lot

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 9,014 SF
  • Retail
  • -
  • Now

9,014 SF stand-alone retail building on 1.05-acre lot. Net Net (NN) Lease. Lessor responsible for roof repairs and roof maintenance. Lessee responsible for property taxes, insurance costs, and all other operating expenses. $5,258.00 per month base rent ($7.00 per SF per year). 5-year initial term.

Space Size Space Use Position Available
1st Floor 9,014 SF Retail - Now

1st Floor

Size
9,014 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size 9,014 SF
Space Use Retail
Position -
Available Now

9,014 SF stand-alone retail building on 1.05-acre lot. Net Net (NN) Lease. Lessor responsible for roof repairs and roof maintenance. Lessee responsible for property taxes, insurance costs, and all other operating expenses. $5,258.00 per month base rent ($7.00 per SF per year). 5-year initial term.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
102-025.25
Land Assessment
£12,676 (2023)
Improvements Assessment
£153,924 (2023)
Total Assessment
£166,599 (2023)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2022
  • Listing ID: 28031000

  • Date on Market: 21/03/2023

  • Last Updated:

  • Address: 3297 Cosby Hwy, Cosby, TN 37722

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