555 W Bockman Way Sparta, TN 38583
For Sale
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This exceptional restaurant property at 555 W Bockman Way, Sparta, Tennessee, presents a lucrative investment opportunity. The 3,000 square foot building, constructed in 1967, sits on a 0.27-acre lot and is zoned for commercial use. Currently, the property is divided into two units. One unit, comprising 1,500 square feet, is occupied by a Papa John's Pizza franchise. The second unit, also 1,500 square feet, is vacant and ready for immediate occupancy by a new tenant. The property boasts excellent visibility and ample parking, situated on a high-traffic street with a daily traffic count exceeding 44,000 vehicles. This presents a unique chance to acquire a well-located, established restaurant with potential for immediate income generation and future expansion. The asking price for this turnkey operation is $750,000. The property's location in White County, Tennessee, with a 38583 zip code, offers easy access to local amenities and a strong customer base. This is an ideal opportunity for an experienced restaurateur or investor seeking a profitable venture in a thriving community. The property's size and layout offer flexibility for a variety of restaurant concepts.
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Papa Johns Pizza Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
C-D · Sparta, TNSparta. Always verify with local authorities before improvements.
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.