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1052 MINERAL WELLS AVE PARIS, TN 38242
- Commercial / Resale (MLS)
Property Details for 1052 MINERAL WELLS AVE, PARIS, TN 38242
Features
- Price/sqft: $352
- Lot Size: 21721
- Total Units: 1
- Stories: 100
- Roof Type: Composition Shingle
- Heating: Central Furnace
- Exterior Walls: Concrete Block
Facts
- Year Built: 01/01/2003
- Property ID: 888005897
- MLS Number: 131635
- Parcel Number: 040106J B 02000
- Property Type: Commercial
- County: HENRY
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. Great commercial investment opportunity! DBA Valvoline Instant Oil Change. The property is being offered for sale subject to the current lease and tenants rights. There is a remainder of 15 years on the current triple net lease. The current gross annual income is $37,800.00. The annual rent will increase to $39,684.00 as of December 1, 2024. Annual rents increase every 5 years at a rate of 5% for the remainder of the lease term.
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Property Brokerage:
Moody Realty Co., Inc.
410 Tyson Ave.
Paris
TN
38242
Copyright © 2024 Tennessee Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.