NAPA Auto Parts-10217 Kingston Pike, Knoxville

Property Type: Land Sale & NNN
Sale Date 9/13/2007
Price: $1,386,666
Year Built: 2007

Steve Goldman was involved in the sale of this property twice. First transaction was representing the Buyer while site finding for a NAPA Auto Parts location. The 0.77 acre tract was sold for $450,000 in April 2007.

The buyer then developed the property as a build-to-suit for a corporate-owned NAPA Auto Parts store after which Steve co-listed the now-developed property with a 15-year lease and closed on this sale in September 2007 for $1,386,666 (6.75% cap rate).