The subject property is centrally located off Middlebrook Pike in Knoxville, TN.
NAI Koella | RM Moore has been exclusively retained to market for sale the property located at 3401 Henson Road, a service facility leased to BellSouth Telecommunications. The property is centrally located in the desirable Middlebrook Pike industrial corridor in Knoxville, TN. The site contains 2.656 acres of land zoned I-G (General Industrial Zoning District). The property has 13,613 square feet of improvements consisting of an 8,336 square foot building that is mostly office, a 5,277 square foot service facility, and 13,880 square feet of sheds.
With year over year rent growth of 12.3%, industrial vacancy rate of 1.2%, no renewal options, the tenant's long commitment to this site, and a below market rental rate, an investor has a strong likelihood to significantly increase its rate of return. The short-term remaining on the lease also allows a user the opportunity to acquire a property it could use in the future and have the rental income subsidize the purchase price.
The information above is from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice.