111 Chapman Triangle WayKnoxville, TN 37920

Property Details for 111 Chapman Triangle Way

Year built

2019

Lot size

0.82 AC

Property size (Sq ft)

2,365 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a 2,365 square foot Starbucks located at 111 Chapman Triangle Wy, Knoxville, TN 37920. Built in 2019, this Class A, single-tenant property sits on a 0.82-acre lot and is currently operating under a 10-year NNN lease with a credit-rated tenant, commencing February 1, 2019. The lease includes four options and features rent bumps of 7.5% every five years, ensuring consistent income growth. The asking price is $1,820,000, translating to a price per square foot of $769.56. The property boasts a single story building and is identified by APN 137 20602. This is a rare chance to acquire a stable, high-performing asset in a desirable location with a strong, nationally recognized brand. The property's excellent location and the strength of the Starbucks brand provide a compelling investment case for long-term growth and passive income. This is a corporate net leased (STNL) retail property offering significant upside potential. The property's financial performance is further enhanced by the built-in rent increases, mitigating the effects of inflation. This is an ideal opportunity for investors seeking a secure and profitable addition to their portfolio.

Location Insight

City

Knoxville

County

Blount

State

Tennessee

Latitude

35.9075

Longitude

-83.8394

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