Retail Space
120 Iowa Avenue Dayton, TN 37321
Details & Description
Price: $2,225,000
    Marcus & Millichap is pleased to present this exclusive listing of a freestanding Krystal Restaurant located at 120 Iowa Ave, in Dayton, TN. The site constructed in 1994 consists of 2,292 rentable square feet of building space and sits on an approximately 0.81 acre parcel of land. Krystal is subject to a brand new, 25-year Absolute NNN lease, the starting base rent shall be $119,989 with 1.0% annual escalations starting in year six. There will be three five-year tenant renewal options with 1.0% annual rental increases in each of the Five-year option periods, extending the total possible lease term to 40 years. The subject property has displayed strong performance throughout its history in Dayton, as a result WAC Enterprises recently completed a major re-model and will execute a new 25-Year Absolute NNN Lease at Close of Escrow.
    Property Highlights
    Listing Agents
    Andrew Jaworski

    O: 407-557-3839
    andrew.jaworski@marcusmillichap.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    120 Iowa Avenue

    Dayton, TN 37321

    Listing ID: 275528
    • 120 Iowa Avenue Dayton, TN 37321 | for Sale | Photo 1
    • 120 Iowa Avenue Dayton, TN 37321 | for Sale | Photo 2
    120 Iowa Avenue | for Sale | Thumbnail 1
    120 Iowa Avenue | for Sale | Thumbnail 2
    Building Size: 2,292 SF
    Lot Size: 0.810 AC
    Land Size: 35,283 SF
    Building $/SF: $970.77
    Land $/SF: $63.06
    Price
    $2,225,000
    Property Highlights
    Freshly Renovated Building Featuring Krystal Iconic Series Prototype
    New 25-Year Absolute NNN Lease To Be Executed at Close of Escrow
    25-Year Absolute NNN Lease - Zero Landlord Responsibilities
    1.0 Annual Rent Escalations Starting in Year 6
    Tenant Renewal Options Three 3, Five-Year Options
    Located on a Major Thoroughfare
    Description

    Marcus & Millichap is pleased to present this exclusive listing of a freestanding Krystal Restaurant located at 120 Iowa Ave, in Dayton, TN. The site constructed in 1994 consists of 2,292 rentable square feet of building space and sits on an approximately 0.81 acre parcel of land. Krystal is subject to a brand new, 25-year Absolute NNN lease, the starting base rent shall be $119,989 with 1.0% annual escalations starting in year six. There will be three five-year tenant renewal options with 1.0% annual rental increases in each of the Five-year option periods, extending the total possible lease term to 40 years. The subject property has displayed strong performance throughout its history in Dayton, as a result WAC Enterprises recently completed a major re-model and will execute a new 25-Year Absolute NNN Lease at Close of Escrow.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Chattanooga History of Retail Space for Sale

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    Dayton Area Market Trends

    Listing Demographics for 120 Iowa Avenue Dayton, TN 37321

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

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    Common Questions and Answers

    What is the asking price for 120 Iowa Avenue in Dayton?
    The asking price for 120 Iowa Avenue is $2,225,000
    What is the building size of this Retail property in Dayton, TN?
    The size of the building/unit at 120 Iowa Avenue in Dayton is 2,292 square feet
    How much land does the Dayton, TN property at 120 Iowa Avenue include?
    120 Iowa Avenue in Dayton includes 0.810 acres of land
    What kind of Retail is the property at 120 Iowa Avenue?
    The property at 120 Iowa Avenue Dayton, TN 37321 is listed as a Food Service Retail property
    What is the population within 1 mile of 120 Iowa Avenue in Dayton?
    The population within 1 mile of 120 Iowa Avenue Dayton, TN 37321 is 1,371 people.
    Who do I contact for questions about 120 Iowa Avenue?
    You should contact the listing agent, Andrew Jaworski, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi) Directions
    Chattanooga Metropolitan Airport (Lovell Field) (CHA) 33
    McGhee Tyson Airport (TYS) 62
    Nashville International Airport (BNA) 103