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American Fundraising Group 4521 Bristol Hwy

15,313 SF Retail Building Piney Flats, TN 37686 £1,330,165 (£87/SF) 8.82% Net Initial Yield

Investment Highlights

  • Brand New 5-Year Lease | Primary School Fundraising Company |Growing Regional Company
  • Bristol Hwy (25,700 VPD) | Nearby Strong Retail Tenants |Interstate 26 (37,500 VPD) | Primary Retail Corridor
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Strong Demographics in 10-Mile Trade Area | Six-Figure Incomes

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, freestanding American Fundraising Group investment property located in Piney Flats, Tennessee (Johnson City MSA). The tenant, American Fundraising Group recently signed a brand new
5-year lease with no options to extend, demonstrating their commitment to the site. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
15,313 SF
Year Built/Renovated
1984/2005
Price
£1,330,165
Price Per SF
£87
Net Initial Yield
8.82%
NOI
£117,321
Tenancy
Single
Number of Floors
1
Building FAR
0.28
Lot Size
1.24 AC
Zoning
B-4 - General Commercial
Frontage
702 ft on U.S. 19W

Amenities

  • Freeway Visibility
  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
134-028.85
Land Assessment
£36,713
Improvements Assessment
£240,807
Total Assessment
£277,519
  • Listing ID: 31809563

  • Date on Market: 15/05/2024

  • Last Updated:

  • Address: 4521 Bristol Hwy, Piney Flats, TN 37686

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