I-40 Exit 415 Development Site | 30+ Year NNN Ground Lease
Spaces
Control an East Tennessee's Major Interstate Development Sites for Just $604 Per Acre Per Month
Building description
Offered for long-term ground lease is one of the last major interstate development opportunities along the I-40 corridor in East Tennessee. Situated on approximately 16.56 acres directly off Exit 415 in Jefferson County, this highly visible property provides a rare opportunity for developers and operators to control a strategic interstate location without committing capital to land acquisition.
The property is available on a 30+ year NNN ground lease basis, allowing tenants to deploy capital into improvements and business operations rather than tying up funds in the underlying real estate. Ownership is willing to consider build-to-suit opportunities and, if required, will remove the existing improvements to accommodate a tenant's specific development plans.
Currently located on the site is a 9,450-square-foot warehouse generating $8,500 per month in rental income. The existing tenant has expressed interest in extending for an additional five years, providing a unique opportunity for a future ground lease tenant to retain the existing income stream while focusing development efforts on the balance of the property. Alternatively, the warehouse may be removed to allow full utilization of the entire site.
The property's location at Interstate 40 Exit 415 places it in the path of continued eastward growth from Knoxville, Sevierville, Pigeon Forge, and the Great Smoky Mountains tourism corridor. With approximately 75,000 vehicles per day traveling the interstate, the site offers exceptional visibility and accessibility for a wide variety of commercial uses.
Several conceptual development plans have been prepared to demonstrate the flexibility of the site. These concepts illustrate the potential for multiple additional warehouse buildings, a large climate-controlled self-storage facility with RV, boat, and trailer storage, and multifamily residential development.
Due to its excellent interstate location and easy access, the property is also ideally suited for an RV park or RV resort catering to travelers moving east and west across Tennessee and visitors to the Smoky Mountains region.
Other potential uses include hotels, truck stops, convenience stores, fuel centers, contractor yards, distribution centers, mixed-use developments, build-to-rent communities, and other commercial uses permitted by zoning and governmental approvals.
As one of the few remaining large development sites at an I-40 interchange in East Tennessee, this property presents an exceptional opportunity for developers, owner-users, and national operators seeking long-term control of a high-profile location while preserving capital and maximizing future growth potential.
Conceptual plans and layouts are available upon request. All concepts are preliminary in nature and subject to governmental approvals.
Building highlights
- ±16.56 Acres Available on a 30+ Year NNN Ground Lease
- Prime Interstate Location at I-40 Exit 415 in East Tennessee
- High Visibility Along Highway 25-70 with Exposure to 75,000± Vehicles Per Day
- Owner Will Consider Build-to-Suit Opportunities
- Existing 9,450 SF Warehouse Producing $8,500/Month in Income
- Current Tenant Interested in Extending for an Additional 5+ Years
- Owner Will Remove Existing Improvements if Required by Tenant
- Preserve Capital by Leasing Rather Than Purchasing the Land
- Ideal for Hotel, Truck Stop, Fuel Center, Self Storage, RV/Boat Storage, Multifamily, Industrial, Warehouse, Distribution, or Mixed-Use Development
- Large Existing Yard with Truck Access and Heavy Equipment Capability
- Excellent East-West Access Between Knoxville and the Smoky Mountains
- Located Along One of Tennessee's Fastest Growing Interstate Corridors
- Future Utility Expansion Planned for the Exit 415 Area
- Flexible Site Layout Allows Phased Development
- Control One of the Last Major Interstate Development Sites Along I-40
- Existing Improvements Can Be Utilized or Removed to Accommodate Tenant Requirements
- Suitable for Single User Occupancy or Multi-Phase Development
- Minutes to Sevierville, Pigeon Forge, Douglas Lake and Knoxville
- Gateway Location Serving the Great Smoky Mountains Tourism Corridor
- Long-Term Lease Structure Allows Tenants to Deploy Capital into Improvements Rather Than Land Acquisition
Listing Contacts
Map
Zoning
Property History
Similar Properties
Additional Information
Is there information that looks off?
