2604 E Magnolia Ave - Freestanding FOR SALE


Knoxville, TN 37914- Park City
$1,100,000 USD
423-682-8241
2604 E Magnolia Ave, Knoxville, TN for Sale
$1,100,000 USD
Freestanding - FOR SALE
1/10
null | 6.88% Cap Rate

2604 E Magnolia Ave
Knoxville, TN 37914
Park City


HIGHLIGHTS

  • Family Dollar renewed their final option on 7/1/2025 for 5 years with a 10% rent increase
  • Significant tenant improvements made to the building in 2024
  • Brand new exterior lighting and solar panel parking lot lighting
  • Located on a hard corner along the highly trafficked East Magnolia Avenue corridor.
  • The building features ample frontage, flexible interior layout potential, and convenient on-site parking.

OVERVIEW

STNL Opportunity with a new 5 year lease renewal and 10% rent increase.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$110 USD /SF

CAP RATE

6.88%

% 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

1945

SPRINKLERS

-

PARKING SPACES

47

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,378 SF

ZONING

C-3

APN/PARCEL ID

082KB-002

ASK ABOUT THIS PROPERTY

John MarkleySVN | Second Story Real Estate ManagementMore Info
423-682-8241

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John MarkleySVN | Second Story Real Estate ManagementMore Info
423-682-8241

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