3450 Andrew Johnson Hwy, Greeneville, TN 37745
4,926 SF | 100% Leased | Retail Building | Greeneville, TN 37745 | $2,455,000 ($498/SF) | 5.50% Cap Rate
For Sale
Active
Asking Price $2,455,000
- Sale Condition
- Ground Lease (Leased Fee)
- Property Type
-
Retail, Restaurant
- Square Feet
- 4,926 SF
- Price / Square Foot
- $498
Listing Contacts
Phil Sambazis
Jody McKibben
Property Details
- Year Built
- 2024
- Stories
- 1
- Property Subtype
- Freestanding, Storefront
Highlights
- 15-Year Absolute NNN Ground Lease with 10% Increases Every 5 Years
- Corporate Guaranty (NASDAQ: TXRH), 753 Locations and $4.63 Billion in Annual Revenue
- Purchase Price Well-Below Capital Investment Made by Tenant, Average Capital Investment for a New Restaurant is $7.8 Million
- Average Unit-Level Sales for Texas Roadhouse in 2023 was Approximately $7.6 Million, Up 9.9% YOY
- Brand New High-Quality Construction with a Window for Takeout/Online Orders
- Strategic Location, Closest Texas Roadhouse is Over 27 Miles Away
Nearby Properties
Similar Properties
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