319 Merchants Dr - Fast Food FOR SALE


Knoxville, TN 37912- Outer Northside
$1,911,292 USD
818-907-9525
319 Merchants Dr, Knoxville, TN for Sale
$1,911,292 USD
Fast Food - FOR SALE
1/6
null | 5.65% Cap Rate

319 Merchants Dr
Knoxville, TN 37912
Outer Northside


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 generating supplementary income, enhancing the overall yield and investment return
  • 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

OVERVIEW

NNN Deal is pleased to present the opportunity to acquire an absolute NNN leased property, providing truly passive, hands-off ownership with zero landlord responsibilities. The lease has over 10 years remaining, and is backed by a strong corporate guarantee from Burger King, one of the nation’s leading quick-service restaurant brands, ensuring long-term income stability. The property also includes an on-site billboard, generating additional income and enhancing overall yield. Scheduled for an upcoming remodel, the site demonstrates the tenant’s ongoing commitment and investment in the location. Strategically positioned just 750 feet from the I-75 off-ramp on Merchant Drive, the property benefits from a dense retail corridor, surrounded by strong national retailers and consistent consumer traffic. Located in Tennessee, a tax-free state, the investment offers a landlord-friendly environment that further supports long-term growth and returns.

FOR SALE DETAILS

PRICE

$1,911,292 USD

PRICE/SF

$556 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

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

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.16 AC

LAND SF

50,530 SF

ZONING

C

APN/PARCEL ID

068KC-004

ASK ABOUT THIS PROPERTY

Lior RegenstreifNNN Investment Group of Marcus & MillichapMore Info
818-907-9525

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Lior RegenstreifNNN Investment Group of Marcus & MillichapMore Info
818-907-9525

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