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INVESTMENT OFFERING

SAB Capital is pleased to present ABG Caulking in Morristown, TN. This is an absolute triple net (NNN) lease property with zero landlord responsibilities. The tenant will sign a 10-year lease at closing with 2% annual rent escalations. The property sits on W Andrew Johnson Highway which sees over 31,000 vehicles per day.

  • ABG Caulking in Morristown, TN | 36 Miles Northeast of Knoxville
  • Long-Term, Management-Free Asset | Tenant Will Sign a 7-Year Absolute Triple Net (NNN) Lease at Closing
  • Inflation Hedged Lease Structure |2% Annual Rent Escalations
  • Robust Retail Trade Area | 731,000 Square Feet of Retail With Below 1% Vacancy in 1 Mile Radius of Subject
  • Experienced, Long-Standing Tenant | ABG Caulking Has Over 40 Years of Experience in the Industry
  • High Traffic Location | Over 31,000 Vehicles Per Day on W Andrew Johnson Highway
  • 0.6 Miles From Lowe’s Home Improvement | Top 15% Most Foot-Trafficked Site in the Chain | 936,000 Annual Visitors
  • Dense Retail Corridor | Nearby Retailers Include Tractor Supply, Harbor Freight Tools, Autozone, and Buffalo Wild Wings

Tenant Price Cap Rate Lease Type Square Feet Status
AGB Caulking & Waterproofing $2,400,000 6.50% NNN 10586 Available

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