Retail Business for Sale in Knoxville, TN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Knoxville, TN 37912

Description

Marcus & Millichap is pleased to present the opportunity to acquire an absolute NNN leased property, providing truly passive, hands-off ownership with zero landlord responsibilities. The lease has over 10 years remaining, and is backed by a strong corporate guarantee from Burger King, one of the nation’s leading quick-service restaurant brands, ensuring long-term income stability. The property also includes an on-site billboard, generating additional income and enhancing overall yield. Scheduled for an upcoming remodel, the site demonstrates the tenant’s ongoing commitment and investment in the location. Strategically positioned just 750 feet from the I-75 off-ramp on Merchant Drive, the property benefits from a dense retail corridor, surrounded by strong national retailers and consistent consumer traffic. Located in Tennessee, a tax-free state, the investment offers a landlord-friendly environment that further supports long-term growth and returns. Investment Highlights: • ABSOLUTE NNN LEASE STRUCTURE: Absolute triple net (NNN) lease with zero landlord responsibilities, offering a truly passive "hands-off" opportunity • LONG-TERM CORPORATE GUARANTEE: With over 10 years remaining, the lease is backed by a strong corporate guarantee, from one of the nation's leading quick-service restaurant brands • ADDITIONAL BILLBOARD INCOME: Property includes an on-site billboard generating supplementary income, enhancing the overall return, billboard operated by Link Media Outdoor (Boston Omaha - NYSC: BOC) • UPCOMING REMODEL: The site is scheduled for an upcoming remodel, demonstrating the tenant's long-term commitment and investment in the location • PRIME KNOXVILLE LOCATION: Strategically situated 750 ft from I-75 off-ramp on Merchant Drive, a dense retail corridor surrounded by strong national retailers and consistent consumer traffic • TAX-FREE STATE: Tennessee is a tax-free state, and provides investors with a more "landlord friendly" atmosphere

Market Context

This retail in Knoxville, TN is listed for sale. It is offered at an approximate 5.8% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 68 days. Compare it against other retail listings for sale in Knoxville, TN — <a href="/search/sale/retail/tennessee/knoxville">view the full market</a>.

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