3401 Henson Road, Knoxville, TN, 37921

3401 Henson Road Knoxville, TN 37921

3401 Henson Road, Knoxville, TN, 37921
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FOR SALE
Property Type:
Industrial
Amount:
$1,725,000
Last Verified:
Jun 12, 2022


Description

NAI Koella | RM Moore has been exclusively retained to market for sale the property located at 3401 Henson Road, a service facility leased to BellSouth Telecommunications. The property is centrally located in the desirable Middlebrook Pike industrial corridor in Knoxville, TN. The site contains 2.656 acres of land zoned I-G (General Industrial Zoning District). The property has 13,613 square feet of improvements consisting of an 8,336 square foot building that is mostly office, a 5,277 square foot service facility, and 13,880 square feet of sheds.

With year over year rent growth of 12.3%, industrial vacancy rate of 1.2%, no renewal options, the tenant's long commitment to this site, and a below market rental rate, an investor has a strong likelihood to significantly increase its rate of return. The short-term remaining on the lease also allows a user the opportunity to acquire a property it could use in the future and have the rental income subsidize the purchase price.

The subject property is centrally located off Middlebrook Pike in Knoxville, TN.

Building Size: 13613sq ft
Lot Size: 2.66 acres


Documents

Flyer - AT&T - Knoxville, TN
ConfidentialityAgreement.pdf

Map of 3401 Henson Road, Knoxville, TN, 37921

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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

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