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Views: 50 Updated: 04.23.24 Posted: 11.17.23 Status: Inactive 04.23.24

Summary

Price $553,427
Built/Renov 1981
Tenant Advance Financial
Cap Rate 8.92%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 1,611
Lease Start 03-07-2017
#Units 105
Price/SF $343.53
Expiration 03-31-2028
Tenant Type Bank/Financial
NOI $49,393
R. Term 3.6
Ownership Fee Simple
Rent/SF $30.66
Increases 2.0%/1/yrs
Pop 5Mi 78,022
Lot/AC 0.66
Options 2/5yrs/2%
AHHI 5Mi $70,585

Lease Highlights

  • Advance Financial has 4+ years remaining on the current lease term with 2 (5-year) options to extend
  • Lease features 2% annual rental increases
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

This Advance Financial property is part of a 5-unit portfolio comprised of locations in Alcoa, Sparta, Kingsport, Manchester, and Portland, Tennessee. All of the properties feature outstanding visibility and frontage along primary commercial corridors and offer convenient access to the local communities. Characteristically situated near “Main & Main” locations, the properties are in close...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Advance Financial
  • Guarantor:Corporate
  • Company:Advance Financial 24/7
  • # Units:105
  • Stock:Private

About Tenant

Advance Financial is a financial services company that primarily offers short-term lending and other financial products to consumers. The company’s offerings include cash loans and other services...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 6,818 48,055 79,902
2023 Total Population : 6,743 46,974 78,132
2023 Employed Civilian Pop : 2,732 21,368 35,891
2023 Total Businesses : 883 2,022 2,662
2023 Average Household Income : $ 58,147 $ 80,108 $ 83,249
2023 Total Consumer Spending : $ 148 M $ 1313 M $ 2279 M
2023 Median Age : 38 42 43
2023 Total Households : 2,899 18,790 31,388
2023 Pop Age 25+: Bachelor's Degree : 590 6,516 10,538
2023 Average Home Value : $ 239,933 $ 294,028 $ 302,844
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
North Cusick Street W Harper Ave 2022 10,977 0.13 mi
North Cusick Street W Harper Ave 2018 12,269 0.17 mi
West Harper Avenue New St 2022 5,726 0.23 mi
HARPER AVE. Cates St 2021 5,433 0.23 mi
McCammon Avenue Home Ave 2022 1,699 0.24 mi
MCCAMMON AVE. Home Ave 2021 1,874 0.24 mi
HARPER AVE. Cates St 2020 5,329 0.26 mi
West Church Avenue Cates St 2022 1,789 0.31 mi
W. CHURCH AVE. Cates St 2021 2,021 0.31 mi
South Cusick Street E Church Ave 2022 2,592 0.34 mi

Listing Broker

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