Little Caesars | AT&T | Check Into Cash
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| LTV (Loan to Value) | 0.00% | Current NOI | |
| Interest Rate | 0.000% | Cap Rate | 0.000% |
| Fixed Term | Varies Years | Land Area | |
| Amortization | Years | Lease Type | |
| Loan Amount | Property Type | ||
| Payment | Property Lease | ||
| Building Size | Remaining Terms |
Location Description
Morristown, Tennessee is the county seat of Hamblen County. The population was 29,137 at the 2010 United States Census. It is the principal city of the Morristown, Tennessee Metropolitan Statistical Area, which encompasses all of Grainger, Hamblen, and Jefferson counties. The Morristown metropolitan area is also a part of the Knoxville-Sevierville-La Follette Combined Statistical Area, with a population of 1,091,370 as of the 2012 U.S. Census estimate.Highlights
Best Corner in the Market - The subject property is surrounded by national credit tenants including CVS, Walgreens, Lowe’s, and functions as an outparcel to Home Depot and a large fitness center.Strong Credit - Little Caesars (Restaurant Management Group) and AT&T (Prime Communications) are large multistate operators. The Little Caesars’ franchisee operator has 45 locations and AT&T’s has over 400 locations. Check into Cash is under a corporate guaranty with 1,100 locations.Brand New Leases | 100% Occupancy With New Build-outs - With two new ten (10) year and one new five (5) year lease in the new build-outs, investors have the opportunity to invest in a 100% leased retail center.National Tenant Roster with Strong Market Presence - AT&T is a Fortune #11 company and one of the top telephone providers. Little Caesars and Check into Cash are among the top retailers in their segments.Rental Escalations - The Little Caesars and Check Into Cash leases feature rental escalations in the base term. All offer rental escalations in options.Former Blockbuster Location – The former Blockbuster site utilizes a very versatile +/-6,974 SF as evidenced by the easy conversion to multiple units. Blockbuster was known for occupying excellent retail locations.“Limited Income Tax State” - In Tennessee, there is income tax only on dividend and interest income.Visibility and Access - Located at the signalized intersection of W. Andrew Johnson Hwy and W. Morris Blvd. for a total VPD of +35,800, the corner property offers 211 feet of road frontage on W. Andrew Johnson Hwy and 236 feet on Walters Drive. A curb cut on each side allows convenient access from all lanes.NNN Loans Funding
Triple-Net Lease Financing arranged by NNNLenders. Offering Triple Net NNN Property Loans.