1123 Franck St - Retail FOR SALE


Alcoa, TN 37701
$2,694,700 USD
404-435-6312
1123 Franck St, Alcoa, TN for Sale
$2,694,700 USD
Retail - FOR SALE
1/9
null | 6.5% Cap Rate

1123 Franck St
Alcoa, TN 37701


HIGHLIGHTS

  • 2023 ground up construction on a highly visible and easily accessible 1+ acre parcel
  • Absolute NNN lease with 18+ years of remaining term, 10% rent bumps every 5 years, and a strong personal guaranty
  • Popular and well-reviewed local restaurant with a multi-unit and creditworthy operator who has a long track record of success
  • SpringBrook Farm (website) is a 363-acre master planned mixeduse project getting national attention that includes nearly 600K SF of retail/office
  • McGhee Tyson Airport, the aviation hub of eastern TN with 2.8 million passengers annually
  • The world renowned Great Smoky Mountains National Park is America’s most visited national park with 12.2 million visitors in 2024

OVERVIEW

Trinity Partners is proud to serve as exclusive advisor to ownership and present this net lease retail investment opportunity in the Knoxville MSA leased to Asia Café Xpress, a multi-unit and creditworthy QSR operator. (“Property”) The Property was developed in 2023 with a 2,440 SF drive-thru and dine-in building with patio seating and 36 parking spaces. The 20-year NNN lease commenced in November 2023 with 10% rent bumps every 5 years and multiple 5-year renewal options. A strong full-term personal guaranty accompanies the lease. The Property is located 15 miles south of downtown Knoxville along US 129 in the growing bedroom community of Alcoa. It’s positioned within the SpringBrook Farm Master Planned Mixed-Use development and in the immediate vicinity of McGhee Tyson Airport and the entrance to the Great Smoky Mountains National Park.

FOR SALE DETAILS

PRICE

$2,694,700 USD

PRICE/SF

$1,104 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Asia Cafe Xpress | Knoxville MSA

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7.57 AC

LAND SF

329,749 SF

ZONING

E-1

APN/PARCEL ID

005036K A 01200

ASK ABOUT THIS PROPERTY

Tyson GlasserTrinity PartnersMore Info
404-435-6312

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

Tyson GlasserTrinity PartnersMore Info
404-435-6312

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