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.