6601 Wilbanks RdKnoxville, TN 37912

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

Distribution centers

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.

Location Insight

City

Knoxville

County

Knox

State

Tennessee

Latitude

36.0198

Longitude

-83.9969

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