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Views: 139 DOM: 359 Updated: 11.17.24 Posted: 11.28.23 Status: Active

Summary

Price $3,156,000
Built/Renov 2010
Tenant Roadrunner
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 5,060
Lease Start 05-01-2022
#Units 92
Price/SF $623.72
Expiration 04-30-2037
Tenant Type Convenience/Gas
NOI $189,435
R. Term 12.5
Ownership Fee Simple
Rent/SF $37.44
Increases 10.0%/4/yrs
Pop 5Mi 36,964
Lot/AC 0.59
Options 0/0yrs
AHHI 5Mi $101,078

Lease Highlights

  • Roadrunner has 12+ years remaining on the current lease term
  • Lease features 10% rental increases every 5 years
  • Asset qualifies for bonus depreciation
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Roadrunner is strategically located at the hard corner intersection of East Jackson Blvd and North Cherokee Street, with a combined daily traffic count of 60,000 vehicles. Situated between two grocery-anchored retail corridors, the property enoys the presence of national credit tenants in the immediate trade area, including Hardee’s, McDonald's, Advanced Auto Parts, Burger King, Tractor...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Roadrunner Markets is a brand of convenience stores primarily in the Southeast region of the United States. Founded in 1977, its first convenience store opened in Greeneville, TN in 1980....


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 3,299 14,707 37,733
2023 Total Population : 3,269 14,375 36,940
2023 Employed Civilian Pop : 1,403 6,479 16,956
2023 Total Businesses : 232 397 854
2023 Average Household Income : $ 112,890 $ 111,067 $ 101,079
2023 Total Consumer Spending : $ 125 M $ 572 M $ 1349 M
2023 Median Age : 44 44 44
2023 Total Households : 1,291 5,993 15,425
2023 Pop Age 25+: Bachelor's Degree : 497 2,380 6,028
2023 Average Home Value : $ 356,000 $ 351,412 $ 320,969
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
East Jackson Boulevard Forest Dr 2022 29,701 0.11 mi
US 11E;US 321 W Jackson Blvd 2021 26,300 0.11 mi
W Jackson Blvd Smith Ln 2003 28,740 0.13 mi
West College Street N Cherokee St 2022 510 0.17 mi
BOONE ST. Cemetary Ln 2021 6,279 0.25 mi
Boone Street Cemetary Ln 2022 5,956 0.25 mi
Courthouse Square E Main St 2022 857 0.28 mi
West Main Street Mc Call Ave 2022 6,175 0.30 mi
W. MAIN ST. Mc Call Ave 2021 5,903 0.30 mi
WOODROW AVE. S 1st St 2021 462 0.34 mi

Listing Broker

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