6071 US-411, Benton, TN 37307

Commercial property for lease

• Description
• This IGA grocery store has been in existence for over 20-years and just executed a 5-year extension on May 17, 2017. There is a triple net (NNN) lease in place. The Capitalization Rate is about 8.27%. The lease includes a 5-year extension. The Landlord is responsible for the roof and structural maintenance. The tenant is Laurel Grocery Company which is a credit tenant doing about $400 million (D&B Hoovers) in volume as a "family-owned wholesaler serving family owned retailers since 1922". They own stores like this one but are primarily a wholesale distributor for the grocery business.The store has been well maintained and is the dominate grocery for Benton, TN and the surrounding area. Benton and the surrounding area has a high amount of tourist traffic due to the Ocoee and Hiwassee Rivers which are nearby and due to the scenic beauty of the mountains. Reports which are available:Demographics: 5,10 & 15 Drive Time Lease Abstract & Lease Documents2015, 2016, YTD 2017 and Pro Forma Profit & Loss StatementsPolk County:http://www.polkgovernment.com/ Building price details: $750,000.
• Exterior Features

• Parking:	Yes
  Parking Spaces:	80
  Parking Type:	Structure, Surface

• Contact info
• Robert Fisher

  KW Commercial
• Note

• Details Info about this row that located on 6071 US-411, Benton, TN 37307 was got from trusty sources, but HousesForSaleList.com can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

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