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🏢 Just listed — Shopping Center Retail for sale in Morristown, TN.

📍 204 North Fairmont Avenue, Morristown, TN
🏷  Shopping Center Retail · For Sale
💰 $4.00M

Retail Strip Center | Morristown, TN

<p>41,264 SF Retail Strip Center</p><p>100% Occupied</p><p>15 Spaces</p><p>Located in a High Visibility Area</p>

Full financials, photos, and broker contact:
https://commrty.com/property/tennessee/morristown/204-north-fairmont-avenue-2461278-for-sale?utm_source=linkedin&utm_medium=share&utm_campaign=pdp&utm_content=204-north-fairmont-avenue-2461278

#Morristown #Retail #CommercialRealEstate #CRE #Investment

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Home/TN/Morristown

204 North Fairmont Avenue

Morristown, TN 37814

Asking Price

$4.00M

Asset Type

Shopping Center Retail

Class

Class B

What's Special

Retail Strip Center | Morristown, TN 41,264 SF Retail Strip Center100% Occupied15 SpacesLocated in a High Visibility Area

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Purchase Price ($)

Down Payment (%)Interest Rate (%)

Amortization (years)Annual Gross Income ($)Annual Expenses ($)

NOI

$80,000

Cap Rate

2.00%

DSCR

0.34

Underwater

Cash-on-Cash

-13.12%

Monthly Payment

$19,789.818

Annual Cash Flow

$-157,477.81

Location & Travel Times

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