2099 Thunderhead Rd - Loft/Creative Space CONDO FOR SALE


Knoxville, TN 37922
$5,200,000 USD
865-441-9162
2099 Thunderhead Rd, Knoxville, TN for Sale
$5,200,000 USD
Loft/Creative Space CONDO - FOR SALE
1/55
null | 4.26% Cap Rate

2099 Thunderhead Rd
Knoxville, TN 37922


OVERVIEW

Suite 301 & 302 at 2099 Thunderhead Rd. is offered for sale at $5,200,000, presenting a rare opportunity to acquire a high-quality 10,741 SF office condominium in one of West Knoxville’s most desirable mixed-use developments. Currently occupied by a single tenant across both suites, the property offers investors immediate in-place income, scheduled contractual rent increases, and a transition to a fully NNN lease structure in August 2028. The current lease term runs through March 31, 2029, creating an attractive opportunity for both buy-and-hold investors and future owner-occupants seeking income during the interim. The investment benefits from built-in rent growth throughout the remaining lease term. Suite 301 includes scheduled annual rent increases, while Suite 302 also has contractual rent bumps prior to being incorporated into the Suite 301 lease on August 1, 2028. At that time, the entire 10,741 SF premises transitions to a NNN structure at an annualized base rent of approximately $270,634, representing an approximately 5.20% stabilized NNN yield at the $5,200,000 asking price. The condominium structure further enhances the investment profile by limiting many of the hands-on maintenance responsibilities typically associated with standalone office ownership, with common-area maintenance and other shared property expenses administered through the condominium association. Beyond the investment fundamentals, the property offers an exceptionally well-finished office environment that would be difficult to replicate at today’s build-out costs. The space features A+ finishes, large executive offices, extensive interior glass, a spacious “war room” conference room accommodating up to 14 people, and additional conference rooms throughout. The flexible layout provides up to 14 private offices, open workspace, a welcoming reception area with built-in coffee bar, and a separate full breakroom. Exposed ceilings, brick accent walls, and curated finishes create a contemporary, creative environment while maintaining a polished professional feel. Located within a walkable, lakefront mixed-use development, the property offers outstanding convenience for employees and clients. Walk downstairs for coffee at Primo Passo, lunch at Cazzy’s Corner Grill, or drinks at The Casual Pint or Soccer Taco. Publix, Kroger, Target, medical offices, fitness studios, financial services, and numerous other amenities are located throughout the immediate Northshore area, creating one of Knoxville’s most well-rounded business environments. The surrounding Northshore market benefits from strong demographics, with more than 30,000 residents within a three-mile radius, average household incomes exceeding $150,000, and traffic counts exceeding 18,000 vehicles per day along Northshore Drive. The property is also adjacent to Avantine Northshore’s luxury apartments and Northshore Elementary, contributing to a strong daytime population and active mixed-use setting. For an investor, the offering combines in-place income, scheduled rent growth, limited landlord maintenance responsibility, and a near-term transition to NNN economics. For a future owner-occupant, it provides an opportunity to secure a premier 10,741 SF office asset today while benefiting from rental income through the remaining lease term. Photos shown were taken prior to the current tenant’s occupancy and may not reflect the suite’s current furniture, fixtures, layout, or condition.

FOR SALE DETAILS

PRICE

$5,200,000 USD

PRICE/SF

$484 USD /SF

CAP RATE

4.26%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cornerstone I

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

34,648 SF

STORIES

3

BUILDING CLASS

A

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.56 AC

LAND SF

67,954 SF

ZONING

C-N

APN/PARCEL ID

154KE-001,154KE-00100F,154KE-00100H,154KE-00100J,154KE-00100L,154KE-00100N

ASK ABOUT THIS PROPERTY

Hyatt HolbrookBlue Ridge Realty, Inc.More Info
865-441-9162

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Hyatt HolbrookBlue Ridge Realty, Inc.More Info
865-441-9162

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