505 N Main St Crossville, TN 38555
Property Features for 505 N Main St
General Information
- Standard status
- Active
- Size
- 2,830 SF
Building Details
- Year built
- 1997
Source:
Crexi
Listing Agency: CBRE - Orlando Listing Agent: Andrew Jaworski
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Crossville Restaurant on Main Street
The property is a 2,830 square foot restaurant building situated on a 0.63 acre parcel. The site benefits from direct frontage to Main Street/U.S. HWY 127 and is positioned as an out-parcel to an IGA-anchored shopping center. The property is located in Crossville, TN, strategically positioned on the Cumberland Plateau at the intersection of Interstate 40 and U.S. HWY 127, approximately 60 miles west of Knoxville and 100 miles east of Nashville. The site will be subject to a 25-year lease commencing at Close of Escrow. Starting in year one, the base rent shall be $72,500. The lease will call for 1% rental escalations each year starting in year 6 and throughout the four, five-year renewal option periods, for a potential total term of 45 years. Main Street (TN HWY 127) serves as a main arterial retail corridor surrounded by national and local tenants.
Location Intelligence
Current Use by Public Records
Krystal
Restaurant
Location Insight
- Map
- Local Demand
- City
- Crossville
- County
- Cumberland
- State
- Tennessee
- Longitude
- -85.030725
- Latitude
- 35.954313
Nearby Similar for Sale
FAQs
What type of property is this?
Conventional restaurant - Restaurant property for sale with long-term lease in place.
Where is this conventional restaurant located?
The property is located at 505 N Main St Crossville, TN.
What is the asking price?
The asking price for this property is $1,260,869.
What are key features of this property?
This property features: - 25-year lease commencing at Close of Escrow.; - $72,500 base rent starting in year one.; - Located at the intersection of Interstate 40 and U.S. HWY 127.
