6760 Malone Crk DrKnoxville, TN 37931

Property Details for 6760 Malone Crk Dr

Year built

2024

Lot size

1.18 AC

Property size (Sq ft)

10,000 SF

Property type

Retail properties

Property subtype

Freestanding property

Description

This exceptional investment opportunity presents a newly constructed, 10,000-square-foot Dollar Tree located in Knoxville, Tennessee, at 6760 Malone Crk Dr, 37931. Boasting a 10-year corporate-guaranteed lease with a 7.00% cap rate and a strong NOI of $157,754, this single-tenant property offers significant returns. The building, constructed in 2024, sits on a 1.18-acre lot and benefits from a prime location within the Grassy Creek retail development, a 30-acre, $45 million project averaging 1.2 million customer visits annually. This strategic positioning places the Dollar Tree between a 57,000-square-foot Food City grocery store and a large storage facility, and directly across from a high-traffic carwash. The property enjoys excellent visibility and accessibility, situated at the intersection of Oak Ridge Highway and Schaad Rd, experiencing combined daily traffic of 35,328 vehicles. The lease includes rent bumps of $0.50 per square foot every five years, starting with options, providing further long-term value. This is a relocation store, ensuring a strong tenant commitment. The asking price is $2,253,632, representing a price per square foot of $225.36. The property is approximately 15 minutes from downtown Knoxville. This is a rare opportunity to acquire a high-performing, low-risk retail investment with substantial upside potential.

Location Insight

City

Knoxville

County

Knox

State

Tennessee

Latitude

35.9872

Longitude

-84.0481

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