5231 Wilbanks Dr, Hixson, TN 37343

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Building Details:

• Year Built: 1900

5231 Wilbanks Dr is located in Hixson, TN.

This 3,128 SF retail center has four suites which are currently all leased on a month-to-month basis. Total monthly rental income is $2,450 with annual income at $29,400. The seller prefered to have month to month leases so there is the opportunity to obtain longer leases if wanted. Suite 101 leases for $500/month; suite 105 is $500/month; suite 109 is $800/month and suite 113 is $650/month. This averages about $8.63/SF. The Seller pays for taxes, property insurance, electricity, water and major maintenance. The annual expenses run about $6,000 so the Net Operating Income (NOI) is about $23,000 per year.