For Sale
$3,300,000

7804 Montvue Center Way Knoxville, TN 37919

High-Yield Retail Property in Knoxville, TN

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents two fully leased retail spaces totaling 10,800 square feet within the bustling Montvue Center in Knoxville, Tennessee. Situated on a 0.59-acre lot at 7804 & 7808 Montvue Center Way (APN: 120JB00802), this property boasts excellent visibility on Montvue Road, enjoying a prime location on the west side of West Town Mall. The property consists of two single-story buildings, originally constructed in 1972 and extensively renovated in 2018, ensuring modern functionality and appeal. Currently operating with a stable tenant mix, this investment offers a compelling 6.00% capitalization rate, with an asking price of $3,300,000 ($305.56 per square foot). The property's strong performance and desirable location make it an attractive prospect for discerning investors. An added benefit is the option to acquire the established Big Kahuna Wings franchise located at 7804 Montvue Center Way. This turnkey opportunity provides immediate cash flow and potential for future growth within a thriving commercial center. The property's solid history, coupled with its strategic location and current occupancy, positions it for continued success and strong returns. This is a rare chance to secure a high-performing retail asset in a desirable Knoxville market.

Highlights

  • Two fully leased retail spaces totaling 10,800 square feet in Knoxville, TN's Montvue Center.
  • Located on a 0.59-acre lot at 7804 & 7808 Montvue Center Way (APN: 120JB00802), with excellent visibility on Montvue Road, near West Town Mall.
  • Two single-story buildings, renovated in 2018, offering modern functionality.
  • Currently boasts a 6.00% capitalization rate and an asking price of $3,300,000 ($305.56/SF).
  • Optional acquisition of the established Big Kahuna Wings franchise at 7804 Montvue Center Way.

Property Details for 7804 Montvue Center Way

Property type
Lifestyle centers, Power centers
Square Feet
10,800 SF
Year Built/Renovated
1972/2018
Buildings
2
Stories
1
Lot Size (sq. ft)
25,700 SF

Location Insight

City
Knoxville
County
Knox
State
Tennessee
Latitude
35.9251762
Longitude
-84.0423048

FAQs

What type of property is this?
Lifestyle center - High-Yield Retail Property in Knoxville, TN
Where is the lifestyle center located?
The property is located at 7804 Montvue Center Way Knoxville, TN.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Two fully leased retail spaces totaling 10,800 square feet in Knoxville, TN's Montvue Center.; Located on a 0.59-acre lot at 7804 & 7808 Montvue Center Way (APN: 120JB00802), with excellent visibility on Montvue Road, near West Town Mall.; Two single-story buildings, renovated in 2018, offering modern functionality.
How can I contact the broker?
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7804 Montvue Center Way
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