319 Merchants Dr - Fast Food FOR SALE
Knoxville, TN 37912 |
319 Merchants Dr
Knoxville, TN 37912
HIGHLIGHTS
- ABSOLUTE NNN LEASE STRUCTURE: Absolute triple net (NNN) lease with zero landlord responsibilities, offering a truly passive “hands-off” opportunity
- LONG-TERM CORPORATE GUARANTEE: With over 10 years remaining, the lease is backed by a strong corporate guarantee
- ADDITIONAL BILLBOARD INCOME: Property includes an on-site billboard, operated by Link Media Outdoor (Boston Omaha - NYSC: BOC)
- UPCOMING REMODEL: The site is scheduled for an upcoming remodel, demonstrating the tenant’s long-term commitment and investment in the location
- PRIME KNOXVILLE LOCATION: Strategically situated off I-75 off-ramp on Merchant Drive, a dense retail corridor surrounded by strong national retailers
- TAX-FREE STATE: Tennessee is a tax-free state, and provides investors with a more “landlord friendly” atmosphere
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
NNN Burger King | Knoxville, TN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Freestanding, Restaurant, Storefront
TOTAL BUILDING SIZE
3440
STORIES
1
YEAR BUILT
1986
SPRINKLERS
-
PARKING SPACES
45
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
068KC-004
