Freestanding Auto Parts Retail
For Sale
Contact for pricing
1340 Highway 394, Blountville, TN 37617
Freestanding Advance Auto Parts net lease building along Highway 394 near I-81 Exit 69.
Property Size6,889 SF
Price / SF$210.81
Days on Market172
Property Features for 1340 Highway 394
General Information
Standard status
Active
Size
6,889 SF
Property subtype
RETAIL
Occupancy
100%
Net Operating Income
$105,000
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
7.23%
Building Details
Year Built
2004
Buildings
1
Tenancy
Single
Abandoned
No
Listing Agency:
TCI Group-Jerry Petzoldt Agency LLC
(423) 956-5707
Listed By:
Glenn A. Perkins · License #0225224327
(423) 956-5707
Source:
Moodyscre
Added: Feb 9
Changed: Jul 30
Last Checked: Jul 31 at 1:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TCI Group-Jerry Petzoldt Agency LLC
Investment Insights
Based on property information with market context.
The property is a freestanding retail building built in 2004 for Advance Auto Parts, with continuous tenant occupancy since inception. The 6,889-square-foot site is positioned for a straightforward retail net lease tenancy supported by the company’s automotive aftermarket parts, accessories, batteries, and maintenance items.
Located at 1340 Highway 394 in Blountville, TN, the site benefits from Highway 394 visibility and access and is close to Interstate 81 (Exit 69). The interchange was redesigned in 2016, supporting the high traffic flow that this area serves, including events at Bristol Motor Speedway. Other business at the exit includes Fireworks Supermarket, BP c-store, Arby’s, and a nearby strip center with Edward Jones, Domino’s Pizza, and Wellness Way Chiropractic.
Tenant terms include a new 5-year lease option commencing January 1, 2025 through December 31, 2029, with a rent increase. The property is described as having an annual net operating income of $105,000, reflecting a 7.23% capitalization rate.
Located at 1340 Highway 394 in Blountville, TN, the site benefits from Highway 394 visibility and access and is close to Interstate 81 (Exit 69). The interchange was redesigned in 2016, supporting the high traffic flow that this area serves, including events at Bristol Motor Speedway. Other business at the exit includes Fireworks Supermarket, BP c-store, Arby’s, and a nearby strip center with Edward Jones, Domino’s Pizza, and Wellness Way Chiropractic.
Tenant terms include a new 5-year lease option commencing January 1, 2025 through December 31, 2029, with a rent increase. The property is described as having an annual net operating income of $105,000, reflecting a 7.23% capitalization rate.
Key Highlights
- 6,889 SF freestanding retail building built in 2004 for Advance Auto Parts
- Continuous occupancy by the tenant since inception
- Located on Highway 394 near Interstate 81 (Exit 69)
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $158.7k | $23.04 |
| − Vacancy | −$6.7k | −$0.97 |
| EGI | $152.1k | $22.07 |
| − OpEx | −$45.6k | −$6.62 |
| NOI | $106.4k | $15.45 |
6,889 SF · lease $23.04/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.52M
$1.33M – $1.77M
NOI $106,439 @ 7.0% cap · market cap 7.33%
Second Best
Industrial
$651.8K
$570.4K – $760.5K
NOI $45,629 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$2.58M
$2.26M – $3.01M
NOI $180,587 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
156
Businesses Nearby
47k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 66%
Dining 34%
BP
Shops & Services
28,384 visits/mo
0.1 miles
Arby's
Dining
11,117 visits/mo
0.1 miles
Domino's Pizza
Dining
3,094 visits/mo
0.1 miles
Advance Auto Parts
Shops & Services
2,700 visits/mo
0.0 miles
SUBWAY
Dining
1,789 visits/mo
0.1 miles
Demographics for 37617, TN
14,422
Population
6,188
Households
2.3
Avg Household Size
47
Median Age
25%
College-Educated
87%
High-School Grad
58.4 sq mi
ZIP Area
247
Density / Sq Mi
$65,069
Median Household Income
$36,906
Median Earnings
$841
Median Rent
$225,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Lokey diagnosis — 298 Neal Dr, Blountville, TN 37617
Frequently Asked Questions
What type of property is this?
Auto shop - Freestanding Advance Auto Parts net lease building along Highway 394 near I-81 Exit 69.
Where is this auto shop located?
The property is located at 1340 Highway 394 Blountville, TN.
What is the asking price?
The asking price for this property is $1,452,282.
What are key features of this property?
This property features: 6,889 SF freestanding retail building built in 2004 for Advance Auto Parts; Continuous occupancy by the tenant since inception; Located on Highway 394 near Interstate 81 (Exit 69)
