High-quality marina located near metropolitan area on popular lake that is part of the TN River system and a navigable waterway. Facility is ideal for either an owner-operator or a passive investor seeking an a return higher than available in other property types. General manger in place that could remain if passive investment desired by new owner. Property consists of 112 covered wet slips for boats up to 70 feet in length plus eight courtesy slips that could be used to run a boat club or rental boat business, which would be popular based on the location. Other amenities include a dock store and fuel dock. Very simple operation for someone new to the marina business.

Investment Highlights:
- Cash-flowing marina that generated $238,000 in net operating income (NOI) for 2018 on $500,000 in gross revenue
- Very simple operation with most of revenue from rental of wet slips
- High-quality asset that has been well-maintained
- Approval to add 26 houseboat or large cruiser slips
- Other opportunities include boat rental, boat club, detailing business
- Cap rate of 8.4% on in-place NOI; 12.95% based on adding five rental boats and increasing transient business

To register for more information, please visit: http://florida.colliers.com/confidential-southeast-marina

Tennessee Broker of Record:
Richard L. Fulton, Colliers International, TN License #: 2833