This exceptional investment opportunity presents a 142,092 square foot, single-tenant shopping center in Knoxville, Tennessee, fully occupied by Lowe's. The property, located at 3100 S Mall Rd, Knoxville, TN 37917, boasts a strong 12.7-year remaining lease term with eight 5-year options, ensuring long-term stability. Built in 2002, this fee-simple asset sits on a 13.9-acre lot and is zoned C-Commercial/Big Box Store. The property benefits from high visibility and traffic counts (69,368 AADT) due to its location near I-640, Mall Road South, and Millertown Pike. The triple-net (NNN) lease structure shifts most operating expenses to the tenant, minimizing landlord responsibilities. With a current NOI of $1,349,266 and an asking price of $24,533,000, this presents a compelling 5.50% cap rate. The surrounding area demonstrates strong demographics, with over 41,018 residents within a 3-mile radius and an average household income exceeding $79,809. This Lowe's location is part of a larger retail development, further enhancing its appeal and drawing significant customer traffic. The property's financial performance, coupled with the long-term lease and prime location, makes it an attractive investment for discerning buyers. The property's APN is 059LG-009.
Highlights
Tenant is responsible for all operating expenses (NNN lease).
Long-term tenant with over 20 years of occupancy.
12.7 years remaining on the lease term.
Investment-grade tenant: Lowe's, a Fortune 500 company with strong financials.
Lowe's operates nearly 2,200 stores in the US and Canada.
Lowe's is an S&P 500 company with a BBB+ credit rating and significant market capitalization.
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Contacts
Ari Ravi
Nathan Timmons
Edward Kemp
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3100 Mall Rd, Knoxville, Tennessee, 37917
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
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3100 Mall Rd
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