Listed by Encore Real Estate Investment Services
$1,302,000
2305 CALLAHAN DR KNOXVILLE TN 37912-1007
Details
APN 067LC001
Property Type Retail
Sub Type Storefront, Paint store
Square Footage 5,000
Units 1
Cap Rate 6.25%
NOI $81,324
Occupancy 100%
Tenancy Single
Brand/Tenant Sherwin-Williams
Lease Type NN
Lease Term 10
Lease Expiration 10/31/2032
Remaining Term 6.3
Rent Bumps Yes
Lease Options (1) Five-Year
Price per SqFt $260
Year Built 2007
Stories 1
Lot Size (SqFt) 37,717
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 11/01/2007
Ground Lease No
Sherwin Williams | Knoxville, TN
Investment highlights
- Sherwin-Williams Has Occupied the Property Since 2007 and Recently Exercised Its Renewal Option Early, Demonstrating Long-Term Commitment to the Location
- 6+ Years Remaining on Double Net Lease (NN) - Minimal Landlord Responsibilities
- 5% Rental Increase Scheduled for November 2027 Plus One Additional Five-Year Renewal Option Featuring a 10% Rent Increase
- Sherwin Williams: NYSE: SHW | Standard & Poor's: BBB
- High-Visibility Location Along Callahan Drive (25,000 VPD) and Clinton Highway (31,380 VPD), Within One of Knoxville's Premier Retail Corridors
- Strategically Positioned Less Than One Mile from Lowe's, Target, Walmart, Home Depot, Kroger, Chick-fil-A, and Numerous Other National Retailers
- Positioned in a Densely Populated Retail Corridor with Over 126,000 Residents Within Five Miles
- Affluent Trade Area with Average Household Income Exceeding $82,000 Within a Five-Mile Radius
Listing Contacts
Listed by Encore Real Estate Investment Services
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$81,324.00
$6,777.00/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
Map
Zoning
C-H-2 CommercialSpecial CommercialHighway Commercial 2
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 147 uses
View all 147 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Is there information that looks off?
