7762 Oak Ridge Hwy - Fast Food FOR SALE


Knoxville, TN 37931- Westside
$1,995,000 USD
949-350-5431
7762 Oak Ridge Hwy, Knoxville, TN for Sale
$1,995,000 USD
Fast Food - FOR SALE
1/5
null | 6.85% Cap Rate

7762 Oak Ridge Hwy
Knoxville, TN 37931
Westside


HIGHLIGHTS

  • Signalized, Hard Corner Location West Knoxville’s Primary Growth Corridor | This Region has Experienced Nearly 20% Growth Since 2010
  • Flexible Single-Tenant Configuration | Large Lot of ±1.45 Acres and Abundant Parking, Offering Maximum Visibility and Access Along Oak Ridge Highway
  • Positioned Amidst Significant Residential and Retail Expansion: Over 2,400 New Residential Units Have Been or are Being Constructed in the Area

OVERVIEW

--Signalized, Hard Corner Location West Knoxville’s Primary Growth Corridor | This Region has Experienced Nearly 20% Growth Since 2010, Nearly Double that of Statewide and National Growth Rates --Flexible Single-Tenant Configuration with a Large Lot of ±1.45 Acres and Abundant Parking, Offering Maximum Visibility and Access Along Oak Ridge Highway (Highway 62) --Positioned Amidst Significant Residential and Retail Expansion: Over 2,400 New Residential Units Have Been or are Being Constructed in the West Knoxville Region ---Income Stability with Future Flexibility in a Growing Region--- --Corporate Hardee’s Absolute NNN Lease (Zero Landlord Responsibilities) with ±5 Years Remaining, Offering Passive Income Today and Mark-to-Market Upside at Expiration or Through a Negotiated Early Termination --Oak Ridge Highway (Highway 62) is a Major Arterial Connecting Downtown Knoxville, West Knoxville, and Oak Ridge with Strong Daily Commuter Traffic Patterns --West/Northwest Knoxville Continues to Capture Outsized Growth, with ±5,600 Housing Units Permitted Countywide from 2015-2024 and Multiple Large Commercial Projects Advancing in Nearby Areas --Ongoing Highway 62 Enhancements Include Turn Lanes, Sidewalks, Greenways, And Lane Expansion Further Strengthen Accessibility and Long-Term Corridor Appeal ---Strong Real Estate Fundamentals--- --Superior Visibility with Prominent Pylon Signage, Outdoor Seating, and Dedicated Drive-Thru Configuration Designed for High Volume Quick Service Operations --Large ±1.45-Acre Parcel Featuring Ample Parking and Multiple Points of Ingress and Egress --Knoxville Benefits from Stable Job Growth, Low Unemployment, and a Diverse Employment Base Anchored by Education, Healthcare, Manufacturing, and Technology --Residential and Commercial Development Trends Indicate Continued Westward Expansion, Positioning the Property within a Strengthening Submarket Broker Of Record: Jody McKibben - Lic #: 307629

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$552 USD /SF

CAP RATE

6.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Freestanding Drive-Thru Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

49

LAND DETAILS

LAND ACRES

1.45 AC

LAND SF

63,162 SF

ZONING

CA

APN/PARCEL ID

090-02502

ASK ABOUT THIS PROPERTY

Ron DuongMarcus & MillichapMore Info
949-350-5431

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Ron DuongMarcus & MillichapMore Info
949-350-5431

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