1015 Heiskell Ave - Freestanding FOR SALE


Knoxville, TN 37921- Westside
$1,883,180 USD
954-331-1726
1015 Heiskell Ave, Knoxville, TN for Sale
$1,883,180 USD
Freestanding - FOR SALE
1/10
null | 7.5% Cap Rate

1015 Heiskell Ave
Knoxville, TN 37921
Westside


HIGHLIGHTS

  • NNN Lease | National Tenant: Family Dollar with 4 years remaining and five (5) renewal options
  • Attractive 7.5% Cap Rate: $141,241.08 in annual NOI
  • Prime Location: 2.5 miles from UT campus, close to I-40 and I-75
  • Fast-Growing Market: Knoxville ranks among top 20 affordable growth cities
  • Hands-Off Ownership: True NNN lease with zero landlord obligations
  • Strong Surrounding Demographics: 166,000+ residents within 5 miles

OVERVIEW

CBRE Inc., as the exclusive advisor, proudly offers for sale “Family Dollar on 1015 Heiskell Ave”, a +/- 8,320 SF single-tenant net leased retail property strategically located in the heart of Knoxville, Tennessee. This exceptional investment opportunity boasts an absolute NNN lease with a strong tenant, a growing market, and a prime location just minutes from downtown Knoxville and the University of Tennessee main campus, providing a secure and predictable income stream for investors. With a proven track record of success, Family Dollar is a leading discount retailer that has a loyal customer base and a reputation for offering quality products at affordable prices. This investment opportunity presents a unique chance for investors to benefit from a stable and profitable investment, with a net operating income of $141,238.50 per year and a cap rate of 7.5%.

FOR SALE DETAILS

PRICE

$1,883,180 USD

PRICE/SF

$224 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,703 SF

ZONING

C

APN/PARCEL ID

081HE-00902

ASK ABOUT THIS PROPERTY

954-331-1726

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

954-331-1726

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.