4516 Grassy Knoll Rd - Freestanding FOR SALE


Knoxville, TN 37931- Westside
$2,288,000 USD
973-632-1386
4516 Grassy Knoll Rd, Knoxville, TN for Sale
$2,288,000 USD
Freestanding - FOR SALE
1/17
null | 6.25% Cap Rate

4516 Grassy Knoll Rd
Knoxville, TN 37931
Westside


HIGHLIGHTS

  • Brand New 15-Year Lease | 10% Rental Increases | Established Multi-Unit Franchisee
  • Absolute NNN Ground Lease | Leased Fee Ownership | Zero Landlord Responsibilities
  • Outparcel To Grassy Creek Shopping Center (1.7M Annual Visits) | Proximity To Major Retail Destinations
  • Regional Connectivity | Infrastructure Improvements
  • Growing Residential Base | Expanding Consumer Demand
  • Strong Demographics | Oak Ridge Growth Corridor

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN ground leased Take 5 Oil Change investment property located in Knoxville, Tennessee. The tenant, SBV T5 1647 LLC (dba Take 5 Oil Change), recently executed a brand new 15-year lease with four (4) 5-year renewal options, demonstrating its long-term commitment to the site. The lease features scheduled 10% rental increases every five years throughout the primary term and at the commencement of each renewal option, supporting steady NOI growth and providing a built-in hedge against inflation. The lease is structured as an absolute NNN ground lease with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive or out-of-state investor.

FOR SALE DETAILS

PRICE

$2,288,000 USD

PRICE/SF

$1,192 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Take 5 Oil Change | Absolute NNN Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

CA

APN/PARCEL ID

079JE-002,079JE-003

ASK ABOUT THIS PROPERTY

Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

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

Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

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