7240 64 Hwy Oakland, TN 38060
This exceptional commercial property located at 7240 64 Hwy, Oakland, TN, presents a unique investment opportunity. The property includes a thriving fast-food restaurant, Leo's Chicago Hot Dogs, known for its hamburgers, hot dogs, and Italian beef sandwiches. The business is turnkey, encompassing the building, land, and all equipment, offering a seamless transition for the new owner. The restaurant boasts a spotless and well-maintained interior, ensuring a positive customer experience. The property's strategic location on US Highway 64 and Highway 194 guarantees high visibility and significant foot traffic. Ample parking is available with approximately 11 or 12 spaces to accommodate customers. The asking price for this all-inclusive package is $550,000. This represents a rare chance to acquire an established, profitable business with significant growth potential in a high-demand location. The property is categorized as General Commercial and sits on a lot with zero acres. The building's square footage is not specified. This is an exceptional opportunity for an investor seeking a ready-to-operate business with a strong track record and prime highway frontage. Don't miss this chance to own a piece of Oakland's thriving commercial landscape.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.