6601 Wilbanks RdKnoxville, TN 37912

This exceptional 58,803-square-foot distribution center, situated on an expansive 8.9-acre lot in Knoxville, Tennessee, presents a compelling investment opportunity. Built in 1976 and boasting a Class B rating, this single-story building offers 100% occupancy with two tenants under a triple-net lease (NNN) commencing January 12, 2024. The property features three loading docks with three dock-high doors and a substantial 26-foot ceiling height, ideal for efficient warehousing and distribution operations. The asking price is $8,100,000, representing a compelling $137.75 per square foot and a 6.98% capitalization rate, with a current Net Operating Income (NOI) of $565,611. Located within the Wilbanks Business Park, this property benefits from excellent access to major transportation arteries and a robust labor pool. The I-G zoning designation further enhances its versatility. This low-maintenance asset is perfect for investors seeking a stable, high-return investment in a prime Knoxville location. The property's size and location within a well-established industrial park make it an attractive option for a variety of businesses. The current tenants are on a month-to-month lease.