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27981375
27981376

7808 Montvue Center Way, Knoxville, TN 37917

LS
FL FL SL 629661, NC NC LC152
Marcus & Millichap - Fort Lauderdale
Listed by Marcus & Millichap - Fort Lauderdale
$3,300,000
222 days on market
Updated 30 days ago

Shops at Montvue Place

Details
APN 120JB00802 and 120JB00803
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Net Rentable (SqFt) 10,800
Units 2
Cap Rate 6.85%
NOI $226,058
Occupancy 100%
Tenancy Multi
Brand/Tenant Anytime Fitness, Big Kahuna Wings
Lease Type NNN
Rent Bumps Yes
Broker Co-Op Yes
Year Built 1972
Year Renovated 2018
Buildings 1
Stories 1
Acreage 0.590
Investment Type Net Lease

Attractive Two NNN Tenant Investment | Key Location | Excellent Demographics

Marketing description

Well locate, attractive building with two established NNN tenants, Anytime Fitness and Big Kahuna Wings.

Investment highlights

  • Located on the Main Retail Corridor, Surrounded by Major Retailers and Adjacent to the Newly Renovated West Town Mall, the Largest Mall in Tennessee at Over 1.3 Million Square Feet with Tenants including Apple, Tesla, Lululemon, Williams-Sonoma and Pottery Barn

  • Only 25 Minutes from Knoxville Airport and 9 Miles from Downtown Knoxville

  • Easily Accessible from I-40 with Traffic Counts of Over 178,000 VPD

  • Anytime Fitness is Operated by a Seasoned Franchisee with Over 60 Locations Nationwide

  • Renovated in 2018, the Building is Architecturally Enhanced with an Attractive Facade and a Large Dedicated Patio Area at Big Kahuna Wings

  • Average Household Income of Over $111,000

  • Located in Knox County, with the Second Highest Population Growth in TN

Listing Contacts

LS
FL FL SL 629661, NC NC LC152
Marcus & Millichap - Fort Lauderdale
Listed by Marcus & Millichap - Fort Lauderdale

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$226,058.00
$18,838.17/mo

Valuation Metrics

0
DSCR
6.85%
Cap Rate
6.85%
ROI

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Additional Information

Name
Jody McKibben
License
307629
Brokerage
Marcus & Millichap
Title
Broker of Record
Brokerage Address
6 Cadillac Dr, Ste. 100, Brentwood, TN 37027
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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