Absolute NNN Restaurant
For Sale
Contact for pricing
2519 E Morris Blvd, Morristown, TN 37813
Restaurant asset supported by a long-term absolute NNN lease and corporate lease guarantee.
Property SizeContact for details
Days on Market143
Property Features for 2519 E Morris Blvd
General Information
Standard status
Active
Property subtype
Retail
Additional Details
Traffic Count
19,200 vehicles/day
Building Details
Year Built
2013
Listing Agency:
Westwood Net Lease Advisors LLC
Listed By:
Chris Schellin · License #MO 2005017398
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 31 at 2:05AM
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 Westwood Net Lease Advisors LLC
Investment Insights
Based on property information with market context.
This restaurant property at 2519 E Morris Blvd in Morristown, Tennessee, was constructed in 2013 and is leased under an absolute NNN structure. The current lease has 21 years remaining before expiration, followed by option periods. Lease obligations are guaranteed by Tacala Tennessee Corp., an operator associated with 83 units, while the tenant is a subsidiary of Tacala, which manages more than 300 units.
The property sits along a retail corridor reporting traffic of more than 19,200 AADT. The lease includes annual rent increases during the base term and option periods, although the stated escalation figure is not specified clearly enough to include. The reported rent-to-sales ratio is 4.4%, providing an additional operating metric for evaluating the tenancy.
The property sits along a retail corridor reporting traffic of more than 19,200 AADT. The lease includes annual rent increases during the base term and option periods, although the stated escalation figure is not specified clearly enough to include. The reported rent-to-sales ratio is 4.4%, providing an additional operating metric for evaluating the tenancy.
Key Highlights
- Absolute NNN lease with 21 years remaining before expiration
- Lease guarantee from Tacala Tennessee Corp., operator of 83 units
- Tenant is a Tacala subsidiary associated with more than 300 managed units
Property Analytics
Property Profile
Current Use
Lease Details
19,200 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
437
Businesses Nearby
Explore this area
Business Placement
Demographics for 37813, TN
18,030
Population
7,492
Households
2.4
Avg Household Size
37
Median Age
15%
College-Educated
84%
High-School Grad
58.0 sq mi
ZIP Area
311
Density / Sq Mi
$47,783
Median Household Income
$34,827
Median Earnings
$813
Median Rent
$158,400
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.
Frequently Asked Questions
What type of property is this?
NNN property - Restaurant asset supported by a long-term absolute NNN lease and corporate lease guarantee.
Where is this nnn property located?
The property is located at 2519 E Morris Blvd Morristown, TN.
What are key features of this property?
This property features: Absolute NNN lease with 21 years remaining before expiration; Lease guarantee from Tacala Tennessee Corp., operator of 83 units; Tenant is a Tacala subsidiary associated with more than 300 managed units
