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Grocery Store

Food City Grocery Store

905 Snapps Ferry Rd, Greeneville, TN 37745

Listing Price: $4,363,000

Cap Rate
7.25%
Tenant Name
Food City Grocery Store
Years Remaining On Lease
2.2
Gross SF
41,620
Guarantor
Corporate Guarantee
Rentable SF
41,620
Price/Gross SF
$104.83
Lease Type
Double Net
Rent Per Square Feet
$7.60

Investment Overview

Marcus & Millichap is pleased to present for sale this single-tenant net leased grocery store located at 905 Snapps Ferry Rd Greeneville, TN. Greeneville is situated an hour north of Knoxville 45 minutes south of the Tri-Cities in East Tennessee.. The property consists of a 3.67-acre parcel improved with an approximately 41,620-square foot of leasable space. The property is located along Snapps Ferry Road and at a signalized corner with Tusculum Blvd. This area is in a highly retail corridor for the city of Greeneville. Food City was built in 1994. An original 20-year lease was in place. Currently, two years on the NN lease remain with an additional three, five-year options. This long-term commitment by the tenant strengthens the viability of the area. This property experiences daily traffic counts of approximately 21,800 vehicles per day which includes Snapps Ferry Rd, Moser St and Tusculum Blvd. Greeneville is a city in East Tennessee in Greene County. As of 2021, the estimated population within a 5-mile radius of the property is over 28,000. The average Household income within that same area is over $65,000. Other notable tenants in the immediate trade area include McDonald’s, AutoZone, CVS, and United Grocery Outlet to name a few.

Investment Highlights

  • Build To Suit For Food City In 1994
  • Strong Consistent Sales
  • 3.67 Acres With 41,620 Rentable Square Feet

Exclusively Listed By

Financing By

Grocery Store

Food City Grocery Store

Listing Price: $4,363,000

Cap Rate
7.25%
Tenant Name
Food City Grocery Store
Years Remaining On Lease
2.2
Gross SF
41,620
Guarantor
Corporate Guarantee
Rentable SF
41,620
Price/Gross SF
$104.83
Lease Type
Double Net
Rent Per Square Feet
$7.60

Investment Highlights

  • Build To Suit For Food City In 1994
  • Strong Consistent Sales
  • 3.67 Acres With 41,620 Rentable Square Feet

Investment Overview

Marcus & Millichap is pleased to present for sale this single-tenant net leased grocery store located at 905 Snapps Ferry Rd Greeneville, TN. Greeneville is situated an hour north of Knoxville 45 minutes south of the Tri-Cities in East Tennessee.. The property consists of a 3.67-acre parcel improved with an approximately 41,620-square foot of leasable space. The property is located along Snapps Ferry Road and at a signalized corner with Tusculum Blvd. This area is in a highly retail corridor for the city of Greeneville. Food City was built in 1994. An original 20-year lease was in place. Currently, two years on the NN lease remain with an additional three, five-year options. This long-term commitment by the tenant strengthens the viability of the area. This property experiences daily traffic counts of approximately 21,800 vehicles per day which includes Snapps Ferry Rd, Moser St and Tusculum Blvd. Greeneville is a city in East Tennessee in Greene County. As of 2021, the estimated population within a 5-mile radius of the property is over 28,000. The average Household income within that same area is over $65,000. Other notable tenants in the immediate trade area include McDonald’s, AutoZone, CVS, and United Grocery Outlet to name a few.

Exclusively Listed By

Financing By

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