6601 Wilbanks RdKnoxville, TN 37912

  • Industrial properties
  • 58,803 SF
For Sale
$8,100,000 View listing

Property Details for 6601 Wilbanks Rd

Year built
1976
Lot size
8.90 AC
Property size (Sq ft)
58,803 SF
Property type
Industrial properties
Property subtype
Other industrial properties

Description

This exceptional 58,803-square-foot distribution center, situated on an expansive 8.9-acre lot in Knoxville, Tennessee, presents a compelling investment opportunity. Built in 1976 and boasting a Class B rating, this single-story building offers 100% occupancy with two tenants under a triple-net lease (NNN) commencing January 12, 2024. The property features three loading docks with three dock-high doors and a substantial 26-foot ceiling height, ideal for efficient warehousing and distribution operations. The asking price is $8,100,000, representing a compelling $137.75 per square foot and a 6.98% capitalization rate, with a current Net Operating Income (NOI) of $565,611. Located within the Wilbanks Business Park, this property benefits from excellent access to major transportation arteries and a robust labor pool. The I-G zoning designation further enhances its versatility. This low-maintenance asset is perfect for investors seeking a stable, high-return investment in a prime Knoxville location. The property's size and location within a well-established industrial park make it an attractive option for a variety of businesses. The current tenants are on a month-to-month lease.

6601 Wilbanks Rd, Knoxville, Tennessee

Location Insight

City
Knoxville
County
Knox
State
Tennessee
Latitude
36.0198
Longitude
-83.9969

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