For Lease
$19/SF/YR

113 Cedar Ln Knoxville, TN 37912

Former O'Charley's - Turnkey Restaurant Opportunity. High Traffic Location.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional 7,540.33 square-foot restaurant space, situated on a 1.4-acre lot, presents a unique opportunity for a discerning restaurateur. Previously occupied by a successful O'Charley's, the property boasts significant remaining fixtures, furniture, and equipment (FF&E), offering a substantial head start for a new tenant. The property is zoned C-H-1, allowing for a variety of uses. High visibility and traffic counts are key advantages, with 99,227 vehicles daily passing on I-75 and 16,811 on Merchants Drive. The location benefits from a strong retail environment, surrounded by established businesses including Applebee's, Starbucks, Ingles Market, Cracker Barrel, Wendy's, Taco Bell, and McDonald's. Strong demographics further enhance the property's appeal. Within a 3-mile radius, the population is 58,302 with an average household income of $61,315. This expands to 160,954 residents and $65,754 average household income within 5 miles, and 258,794 residents with $75,392 average household income within 7 miles. The property is available for lease at $12,000 per month on a triple net (NNN) basis, or for sale at $1,600,000. This turnkey opportunity combines a prime location, existing infrastructure, and strong market indicators, making it an ideal investment for a restaurant or similar business.

Highlights

  • 7,540 sq. ft. restaurant on 1.4 acres with remaining FF&E.
  • $12,000/month NNN or $1,600,000 purchase price.
  • C-H-1 Zoning.
  • High traffic count: 99,227 (I-75) and 16,811 (Merchants Drive).
  • Strong retail co-tenancy including Applebee's, Starbucks, Ingles Market, Cracker Barrel, Wendy's, Taco Bell, and McDonald's.

Property Details for 113 Cedar Ln

Property type
Retail properties, Restaurants
RSF (Rentable sq. ft)
7,540 SF

Unit(s) available at that property

Space
Size
7,540 SF
Rate per SF
$19

Location Insight

City
Knoxville
County
Knox
State
Tennessee
Latitude
36.0130949
Longitude
-83.9697007

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FAQs

What type of property is this?
Retail property - Former O'Charley's - Turnkey Restaurant Opportunity. High Traffic Location.
Where is the retail property located?
The property is located at 113 Cedar Ln Knoxville, TN.
What is the lease rate?
The lease rate is $19/SF/YR.
What are key features of this property?
This property features: 7,540 sq. ft. restaurant on 1.4 acres with remaining FF&E.; $12,000/month NNN or $1,600,000 purchase price.; C-H-1 Zoning.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
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Contacts

Oliver Smith

Learn more

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Cedar Ln
Knoxville, TN 37912

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Cedar Ln
Knoxville, TN 37912

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Disclaimer

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We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

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113 Cedar Ln
  • Oliver Smith
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