Texas Roadhouse Inc Sells Retail Property In Alcoa, TN For $2.4M With Buyer's Rep Feldman Ruel Urban Property Advisors And Seller's Rep Morgan Creech And Sarah Shanks
334 Fountain View Circle, Alcoa, Tennessee 37701, United States
$2,400,000
$287/SF
Building Size
8,354 SF
Asset Type
Retail
Closing
Aug 23, 2022
About this deal
AI
Located at 334 Fountain Vw Cir in Alcoa, TN, this retail property spans 2.39 acres. The property was sold in a closed transaction, with the buyer represented by Feldman Ruel Urban Property Advisors and the seller represented by Morgan Creech and Sarah Shanks from SRS Real Estate Partners. The seller of the property is Texas Roadhouse, Inc. The sale price for the property was $2,400,000. The total square footage of the property is 8,354, resulting in a price per square foot of $287.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,400,000
- Address: 334 Fountain Vw Cir, Alcoa, TN
- Market: Alcoa, TN
- Asset Type: Retail
- Acres: 2.39
- Buyer's Representative: Feldman Ruel Urban Property Advisors
- Seller's Representative: Morgan Creech and Sarah Shanks - SRS Real Estate Partners
The successful transaction showcases the collaboration between the buyer's representative, Feldman Ruel Urban Property Advisors, and the seller's representatives, Morgan Creech and Sarah Shanks from SRS Real Estate Partners. The involvement of Texas Roadhouse, Inc as the seller highlights their active role in the real estate market. The retail property, spanning 2.39 acres and with a total square footage of 8,354, was sold for $2,400,000, resulting in a price per square foot of $287.
Players
Alcoa Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93