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Property profile & analytics
FOR LEASE
Commercial real estate

2230 Jacksboro Pike La Follette, TN 37766

1,582 SF 0.45 ac lot Built 1953
Individually Owned 3-yr Hold
Property ID
US80-0399263
Property summary
AI-generated overview

This exceptional single-tenant retail property, located at 2230 Jacksboro Pike in LaFollette, Tennessee, 37766, offers 1,763 square feet of space ideal for a fast-food restaurant or similar retail use. The property is situated in a high-traffic area with 29,687 vehicles passing daily on Jacksboro Pike. Benefiting from a triple net lease at a rate of $28 per square foot, with expenses at $5 per square foot, this investment presents a strong return potential. The property boasts excellent co-tenancy with Dunkin' Donuts (drive-thru), AT&T, and Jersey Mike's Subs, further enhancing its visibility and appeal. Nearby established retailers include Burger King, Pizza Hut, Food City, and Wendy's, indicating a robust and thriving commercial environment. Strong demographics support the location's viability, with population counts within a 1-mile, 3-mile, and 5-mile radius of 8,319, 56,975, and 138,007 respectively. Average household incomes within these radii are $78,058, $67,173, and $67,724, respectively, demonstrating significant consumer spending power. The total building size is 4,000 square feet. This property presents a compelling opportunity for investors seeking a stable, high-traffic retail investment in a desirable Tennessee market.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1953
Total area 1,582 SF
Lot 0.45 ac (19,602 SF)
APN 103F C 00700
UPID US80-0399263
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$590k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$580k
Owner & transaction history
John Davenport · 3 yrs held
John Davenport
since 2022
Last sale
$600,000
2 recorded transactions
2022
$600,000
1992
$100,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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