43,560 Square Foot Special Purpose Space For Lease @ 1375 Beals Chapel Rd, Lenoir City, TN 37772

1375 Beals Chapel Rd, Lenoir City, TN 37772

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Steve G.

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Photo of 1375 Beals Chapel Rd, Lenoir City, TN 37772

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Listing Details

Ground Lease
Absolute Net - Tenant pays all expenses.
Gross Rent Multiplier: 92.3
Capitalization Rate: 13%
Current lease term is in second extension through May 26, 2019
Tenant has two more extension options at 115% of previous term’s rental through May, 2029.

The subject is land leased for a cell phone tower on Beals Chapel Road in Lenoir City, TN. The site is hilly and steep, and located in a rural area near Ft. Loudon Lake. The leased area is 1 acre which includes a 10,000 sq. ft. level and fenced area on top of a hill as well as a paved access road/easement.

Sold As Is

Listing company: Goldman Partners Realty, LLC

Pricing: $146,500/mo

Availability: Now

Listing ID: 1046920

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Rate: $146,500 per month

Size: 43,560 square feet

Type: Special Purpose Space

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