214 South Illinois Avenue, Oak Ridge, TN 37830

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Building Details:

• Year Built: 1981

Free standing building on S. Illinois Avenue at Tuskegee. Tenant, Concord Cleaners, signed five year lease in June. Rent is flat for first three years then increases 3.23% in year four. No landlord responsibility. Property is located in FEMA designated "1% Annual Chance Flood Hazard" area. New development will require raising site out of floodplain.

• 7.5% cap rate
• Dry cleaner drop off point
• Strong traffic counts
• Well suite for future development
• Located across the street from Walmart Supercenter