22456 Rhea County Hwy - Restaurant FOR SALE


Spring City, TN 37381
$599,000 USD
423-645-3785
22456 Rhea County Hwy, Spring City, TN for Sale
$599,000 USD
Restaurant - FOR SALE
1/11
null | Request Cap Rate

22456 Rhea County Hwy
Spring City, TN 37381


HIGHLIGHTS

  • DINE-IN / TAKE-OUT / CURBSIDE
  • EXCELLENT LOCATION
  • FAMILY BUSINESS OF OVER 32 YEARS

OVERVIEW

WINSTEAD’S AMERICAN GRILL & KING OF PIZZA Spring City, Tennessee Keller Williams Commercial is pleased to present the exclusive offering of a long-standing, income-producing restaurant property located adjacent to the Grand Hotel in Spring City, Tennessee (Rhea County). Home to Winstead’s American Grill & King of Pizza, this well-established local favorite has been operating for over 32 years and currently generates $48,000 in annual rental income. Strategically positioned along Highway 27, Spring City’s primary commercial corridor, the property directly benefits from a built-in customer base drawn from hotel guests, local residents, and regional workers — including crews from the nearby TVA nuclear facility, General Shale Brickyard, and Huber Engineered Woods. Its immediate proximity to Watts Bar Lake, Norfolk Southern Railway, and the Grand Hotel (Spring City’s only lakefront hotel) makes it a prime stop for travelers, fishermen, and long-term contractors alike. Key Investment Highlights: • $48,000 annual income from a well-established restaurant tenant • Home to Winstead’s American Grill & King of Pizza, serving the community for over 32 years • Adjacent to the Grand Hotel, a consistent source of guest traffic year-round • High-visibility location along Highway 27, with excellent accessibility and parking • Walkable to nearby businesses, a 24-hour convenience store, and residential neighborhoods • Located in a community experiencing steady residential and industrial growth, including a planned 50+ unit single-family housing development nearby This is a rare opportunity to acquire a stable, cash-flowing commercial asset with a highly regarded tenant in place. Whether purchased as a standalone investment or packaged with the Grand Hotel, this offering represents a strong addition to any income-producing portfolio. * RESTAURANT CAN BE PURCHASED ALONG WITH ADJACENT GRAND HOTEL LISTING (PARCEL 031I J 005.00) OR PURCHASED SEPARATELY; HOWEVER IN ANY CONDITION, RESTAURANT SALE MUST OCCUR AFTER SALE OF GRAND HOTEL PER OWNERSHIP REQUEST.

FOR SALE DETAILS

PRICE

$599,000 USD

PRICE/SF

$143 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,106 SF

ZONING

C

APN/PARCEL ID

031I J 005.02

ASK ABOUT THIS PROPERTY

Chuck DavisKW CommercialMore Info
423-645-3785

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Chuck DavisKW CommercialMore Info
423-645-3785

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