For Sale
$1,600,000
2815 Broadway St Knoxville, TN 37917
High-yield QSR, strong tenant, long lease.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 135
Highlights
- Long-Term Occupancy with a franchisee tenant and 6 x 5-year lease options.
- Extended Lease Term of 9.3 years remaining, expiring March 14, 2034.
- Absolute NNN Lease structure with 1% annual rent increases.
- High-Traffic Location in a growing Knoxville market with approximately 30,000 cars daily passing a signalized corner.
- Strong Investment Metrics: 5.80% cap rate and $92,727 NOI.
Property Details for 2815 Broadway St
- Property type
- Retail properties, Restaurants
- Square Feet
- 2,652 SF
- Class
- A
- Year Built/Renovated
- 1976/2019
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 48,787 SF
- Units
- 1
Location Insight
- City
- Knoxville
- County
- Knox
- State
- Tennessee
- Latitude
- 35.997094132038
- Longitude
- -83.924263007697
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-yield QSR, strong tenant, long lease.
- Where is the retail property located?
- The property is located at 2815 Broadway St Knoxville, TN.
- What is the asking price?
- The asking price for this property is $1,600,000.
- What are key features of this property?
- This property features: Long-Term Occupancy with a franchisee tenant and 6 x 5-year lease options.; Extended Lease Term of 9.3 years remaining, expiring March 14, 2034.; Absolute NNN Lease structure with 1% annual rent increases.
- How can I contact the broker?
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