8040 Kingston Pike - Restaurant FOR SALE


Knoxville, TN 37919- Westside | 
$4,457,778 USD
914-403-7574
8040 Kingston Pike, Knoxville, TN for Sale
$4,457,778 USD
Restaurant - FOR SALE
1/4
null | 6.75% Cap Rate

8040 Kingston Pike
Knoxville, TN 37919
Westside


HIGHLIGHTS

  • Exceptional Kingston Pike Exposure
  • Corporately Guaranteed Leased
  • West Town Mall
  • Income Tax Free State

OVERVIEW

Surmount is pleased to present the exclusive listing for a Red Lobster located at 8040 Kingston Pike, Knoxville, TN 37919. The site consists of roughly 9,600 rentable square feet of building space on an estimated 1.88-acre parcel of land. Red Lobster is subject to a 23-year Triple Net (NNN) lease, which commenced 7/27/2016. The current annual rent is $300,900 and has scheduled increases of 2.00% Annually

FOR SALE DETAILS

PRICE

$4,457,778 USD

PRICE/SF

$464 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Lobster

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.88 AC

LAND SF

81,893 SF

ZONING

-

APN/PARCEL ID

120JA-001

ASK ABOUT THIS PROPERTY

914-403-7574

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914-403-7574

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