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539
E. Main Street
Make A
n Offer!
HOHENWALD, TN 38462
FOR SALE OR LEASE | EXCELLENT OWNER-USER OPPORTUNITY/INVESTMENT Kipp Gstettenbauer, CCIM Senior Vice President 858.458.3345 [email protected] Lic No. 01405420
Ryan King Vice President 858.458.3322 [email protected] Lic No. 01885401
Jay McRae, CCIM President - McrRae Commercial Realty 615.668.1515 [email protected] Lic No. 291276
539
E. Main Street
HOHENWALD, TN 38462 23,800 SF RETAIL BUILDING SF AVAILABLE: 1,773 SF - 9,800 SF
HIGHLIGHTS: • Rare 10% + cap rate • Excellent owner-user opportunity • Up to 11,800 SF available for an owner-user lease • Excellent signage • Great ceiling height • Prime location on busy intersection in central Tennessee • Lot Size: 1.78 AC (77,536 SF) • 45 parking spaces available (1.89/1,000 SF)
ASKING PRICE: Make An Offer LEASE RATE: $8.00 NNN CALL FOR MORE INFORMATION www.voitco.com
858.453.0505
FOR SALE OR LEASE
Owner-User Opportunity
RENT ROLL Tenant
SF
Current Annual
Pro Forma $/SF
Proforma Annual Start
Lease Expiration
Notes
Save-A-Lot Food Stores
12,000
$62,100.00
$5.18
$62,100.00
6/1/1997
5/31/2018
One (1) 2-year option
-
8,027
-
$6.95
$54,182.25
-
-
Guaranteed by the Seller for a year
Fast Pace Medical
2,000
$17,304.00
$8.65
$17,304.00
5/1/2009
9/30/2018
Flat rent; one (1) 3 year option at 3% of last month; Tenant is moving out
-
1,773
-
$8.75
$14,184.00
-
-
Guaranteed by the Seller for a year
TOTAL
23,800
$79,404.00
-
$147,770.25
-
-
CURRENT 14,000
59%
VACANT:
9,800
41%
*68,366.25 to be credited by Seller at close of escrow for the sole purpose of guaranteeing rents for twelve (12) months following close.
E. Main Street
539
OCCUPIED:
HOHENWALD, TN 38462 www.voitco.com
858.453.0505
FOR SALE
NN Leased Investment Opportunity
OPERATING DATA Income
Current
Seller Guaranteed
Base Rent
$79,404.00
$147,770.25
Gross Potential Rent
$79,404.00
$147,770.25
Expense Reimbursements
$2,238.00
$9,311.10
Gross Potential Income
$81,642.00
$157,081.35
-
$ (7,854.07)
Effective Gross Income
$81,642.00
$149,227.28
Total Expenses
$(22,710.00)
$(22,710.00)
Net Operating Income
$58,932.00
$126,517.28
Vacancy/Collection Allowance (5%)
INVESTMENT ANALYSIS - CAP RATE MATRIX CURRENT NOI
FUTURE NOI
9%
$654,800.00
9%
$1,405,747.58
10%
$589,320.00
10%
$1,265,172.83
11%
$535,745.45
11%
$1,150,157.11
EXPENSES $9,913.00
$9,913.00
Insurance
$5,144.00
$5,144.00
Accounting
$850.00
$850.00
State Franchise Tax
$3,467.00
$3,467.00
Utilities (Plumbing & Electric)
$2,736.00
$2,736.00
Repairs & Maintenance
$600.00
$600.00
TOTAL CAM
$3,336.00
$3,336.00
TOTAL EXPENSES
$22,710.00
$22,710.00
CAM
E. Main Street
539
Real Estate Taxes
HOHENWALD, TN 38462 www.voitco.com
858.453.0505
FOR SALE
NN Leased Investment Opportunity
539
E. Main Street
SITE
HOHENWALD, TN 38462
HOHENWALD, TN 38462
et
E
n
ai
M
re St
DEMOGRAPHICS (2015) 1 Mile
3 Miles
5 Miles
Est. Population
934
5,838
8,340
Households
361
2,290
3,724
Average Age
39.50
40.70
41.00
Avg HH Income
$25,583
$30,355
$32,698
Med. Home Value
$73,749
$83,298
$89,932
TRAFFIC COUNTS E. Main Street ����������������������������������������������������������5,521 ADT
Lewis County School District
Kipp Gstettenbauer, CCIM Senior Vice President 858.458.3345 [email protected] Lic. #01405420
Roney Avenue.��������������������������������������������������������10,842 ADT
Ryan King Vice President 858.458.3322 [email protected] Lic. #01885401
Jay McRae, CCIM President - McRae Commercial Realty 615.668.1515 [email protected] Lic. #291276
4747 Executive Drive, Suite 800, San Diego, CA 92121 • 858.453.0505 • 858.408.3976 Fax • Lic #01333376 | www.voitco.com Licensed as a Real Estate Broker and Salesperson by the CA Bur of Real Estate. The information contained herein has been obtained from sources we deem reliable. While we have no reason to doubt its accuracy, we do not guarantee it. ©2015 Voit Real Estate Services, Inc. All Rights Reserved. Real People. Real Solutions.® is a registered trademark of Voit Real Estate Services.
E. Main Street
Make A
n Offer!
HOHENWALD, TN 38462
FOR SALE OR LEASE | EXCELLENT OWNER-USER OPPORTUNITY/INVESTMENT Kipp Gstettenbauer, CCIM Senior Vice President 858.458.3345 [email protected] Lic No. 01405420
Ryan King Vice President 858.458.3322 [email protected] Lic No. 01885401
Jay McRae, CCIM President - McrRae Commercial Realty 615.668.1515 [email protected] Lic No. 291276
539
E. Main Street
HOHENWALD, TN 38462 23,800 SF RETAIL BUILDING SF AVAILABLE: 1,773 SF - 9,800 SF
HIGHLIGHTS: • Rare 10% + cap rate • Excellent owner-user opportunity • Up to 11,800 SF available for an owner-user lease • Excellent signage • Great ceiling height • Prime location on busy intersection in central Tennessee • Lot Size: 1.78 AC (77,536 SF) • 45 parking spaces available (1.89/1,000 SF)
ASKING PRICE: Make An Offer LEASE RATE: $8.00 NNN CALL FOR MORE INFORMATION www.voitco.com
858.453.0505
FOR SALE OR LEASE
Owner-User Opportunity
RENT ROLL Tenant
SF
Current Annual
Pro Forma $/SF
Proforma Annual Start
Lease Expiration
Notes
Save-A-Lot Food Stores
12,000
$62,100.00
$5.18
$62,100.00
6/1/1997
5/31/2018
One (1) 2-year option
-
8,027
-
$6.95
$54,182.25
-
-
Guaranteed by the Seller for a year
Fast Pace Medical
2,000
$17,304.00
$8.65
$17,304.00
5/1/2009
9/30/2018
Flat rent; one (1) 3 year option at 3% of last month; Tenant is moving out
-
1,773
-
$8.75
$14,184.00
-
-
Guaranteed by the Seller for a year
TOTAL
23,800
$79,404.00
-
$147,770.25
-
-
CURRENT 14,000
59%
VACANT:
9,800
41%
*68,366.25 to be credited by Seller at close of escrow for the sole purpose of guaranteeing rents for twelve (12) months following close.
E. Main Street
539
OCCUPIED:
HOHENWALD, TN 38462 www.voitco.com
858.453.0505
FOR SALE
NN Leased Investment Opportunity
OPERATING DATA Income
Current
Seller Guaranteed
Base Rent
$79,404.00
$147,770.25
Gross Potential Rent
$79,404.00
$147,770.25
Expense Reimbursements
$2,238.00
$9,311.10
Gross Potential Income
$81,642.00
$157,081.35
-
$ (7,854.07)
Effective Gross Income
$81,642.00
$149,227.28
Total Expenses
$(22,710.00)
$(22,710.00)
Net Operating Income
$58,932.00
$126,517.28
Vacancy/Collection Allowance (5%)
INVESTMENT ANALYSIS - CAP RATE MATRIX CURRENT NOI
FUTURE NOI
9%
$654,800.00
9%
$1,405,747.58
10%
$589,320.00
10%
$1,265,172.83
11%
$535,745.45
11%
$1,150,157.11
EXPENSES $9,913.00
$9,913.00
Insurance
$5,144.00
$5,144.00
Accounting
$850.00
$850.00
State Franchise Tax
$3,467.00
$3,467.00
Utilities (Plumbing & Electric)
$2,736.00
$2,736.00
Repairs & Maintenance
$600.00
$600.00
TOTAL CAM
$3,336.00
$3,336.00
TOTAL EXPENSES
$22,710.00
$22,710.00
CAM
E. Main Street
539
Real Estate Taxes
HOHENWALD, TN 38462 www.voitco.com
858.453.0505
FOR SALE
NN Leased Investment Opportunity
539
E. Main Street
SITE
HOHENWALD, TN 38462
HOHENWALD, TN 38462
et
E
n
ai
M
re St
DEMOGRAPHICS (2015) 1 Mile
3 Miles
5 Miles
Est. Population
934
5,838
8,340
Households
361
2,290
3,724
Average Age
39.50
40.70
41.00
Avg HH Income
$25,583
$30,355
$32,698
Med. Home Value
$73,749
$83,298
$89,932
TRAFFIC COUNTS E. Main Street ����������������������������������������������������������5,521 ADT
Lewis County School District
Kipp Gstettenbauer, CCIM Senior Vice President 858.458.3345 [email protected] Lic. #01405420
Roney Avenue.��������������������������������������������������������10,842 ADT
Ryan King Vice President 858.458.3322 [email protected] Lic. #01885401
Jay McRae, CCIM President - McRae Commercial Realty 615.668.1515 [email protected] Lic. #291276
4747 Executive Drive, Suite 800, San Diego, CA 92121 • 858.453.0505 • 858.408.3976 Fax • Lic #01333376 | www.voitco.com Licensed as a Real Estate Broker and Salesperson by the CA Bur of Real Estate. The information contained herein has been obtained from sources we deem reliable. While we have no reason to doubt its accuracy, we do not guarantee it. ©2015 Voit Real Estate Services, Inc. All Rights Reserved. Real People. Real Solutions.® is a registered trademark of Voit Real Estate Services.
