971 Highway 51 N | Covington, TN 38019
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971 Highway 51 N
Covington, TN 38019
Retail Property For Sale
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
2,110 SF
Building Class
B
Year Built
1991
Tenancy
Single
Number of Floors
1
Building FAR
0.06
Lot Size
0.81 AC
Parking
34 Spaces (16.11 Spaces per 1,000 SF Leased)
Frontage
120 ft on Tn-51 Hwy
Amenities
- Signage
- Drive Thru
About 971 Highway 51 N , Covington, TN 38019
Savills Studley and BRC Advisors, as the exclusive advisors to the seller, are pleased to present the investment opportunity of the fee simple interest in the property currently operating as a Taco Bell restaurant located at 971 Highway 51 North in Covington, Tennessee. The property is subject to an absolute NNN lease with approximately 12 years remaining on the Primary Term. The lease features 10% rental increases every five years, the next of which occurring in December of 2020.
PROPERTY TAXES
| Parcel Number | 025F-A-011.00 | Improvements Assessment | £82,771 |
| Land Assessment | £42,605 | Total Assessment | £125,375 |
PROPERTY TAXES
Parcel Number
025F-A-011.00
Land Assessment
£42,605
Improvements Assessment
£82,771
Total Assessment
£125,375
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