Listed by SVN Second Story Real Estate Management
$1,015,000
20-Year Tenant | Recent Renewal | Near Downtown Knoxville
Details
APN 082KB-002
Property Type Retail
Sub Type Storefront
Square Footage 10,000
Cap Rate 7.45%
NOI $75,625
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar Tree, Family Dollar
Lease Type NNN
Lease Term 20
Lease Expiration 07/01/2030
Remaining Term 4.1
Rent Bumps Yes
Lease Options 2
Broker Co-Op Yes
Class B
Year Built 1945
Buildings 1
Stories 1
Acreage 0.900
Zoning C-3
Parking Spaces 47 spaces
Parking Per SqFt 4.70
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 07/01/2025
Ground Lease No
STNL Opportunity with a new 5 year lease renewal and 10% rent increase
Marketing description
- Tenant has been operating at this location since 2005
- Tenant renewed their first of three 5 year options on 7/1/2025 for with a 10% rent increase
- Tenant invested significantly into an interior revamp in 2024 which is a strong indication for future renewal options
- Brand new security cameras installed in 2026 (8 cameras with live feed). Ideal for remote LL to monitor the property.
- Brand new exterior lighting and solar panel parking lot lighting
- Located on a hard corner along the highly trafficked East Magnolia Avenue corridor. Situated just minutes from downtown Knoxville and easily accessible from I-40, this property benefits from strong visibility, steady vehicular traffic, and close proximity to a revitalizing commercial district.
- The building features ample frontage, flexible interior layout potential, and convenient on-site parking. Whether you're an investor seeking a stabilized asset with future value-add upside or an owner-user looking for a strategic location, this property delivers exceptional upside in one of Knoxville’s emerging submarkets.
Investment highlights
Open to seller financing.
Listing Contacts
Listed by SVN Second Story Real Estate Management
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$75,625.00
$6,302.08/mo
Valuation Metrics
0
DSCR
7.45%
Cap Rate
7.45%
ROI
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