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INVESTMENT HIGHLIGHTS
- DINE-IN / TAKE-OUT / CURBSIDE
- FAMILY BUSINESS OF OVER 32 YEARS
- EXCELLENT LOCATION
EXECUTIVE SUMMARY
WINSTEAD’S AMERICAN GRILL & KING OF PIZZA
Spring City, Tennessee
Keller Williams Commercial is pleased to present the exclusive offering of a long-standing, income-producing restaurant property located adjacent to the Grand Hotel in Spring City, Tennessee (Rhea County). Home to Winstead’s American Grill & King of Pizza, this well-established local favorite has been operating for over 32 years and currently generates $48,000 in annual rental income.
Strategically positioned along Highway 27, Spring City’s primary commercial corridor, the property directly benefits from a built-in customer base drawn from hotel guests, local residents, and regional workers — including crews from the nearby TVA nuclear facility, General Shale Brickyard, and Huber Engineered Woods. Its immediate proximity to Watts Bar Lake, Norfolk Southern Railway, and the Grand Hotel (Spring City’s only lakefront hotel) makes it a prime stop for travelers, fishermen, and long-term contractors alike.
Key Investment Highlights:
• $48,000 annual income from a well-established restaurant tenant
• Home to Winstead’s American Grill & King of Pizza, serving the community for over 32 years
• Adjacent to the Grand Hotel, a consistent source of guest traffic year-round
• High-visibility location along Highway 27, with excellent accessibility and parking
• Walkable to nearby businesses, a 24-hour convenience store, and residential neighborhoods
• Located in a community experiencing steady residential and industrial growth, including a planned 50+ unit single-family housing development nearby
This is a rare opportunity to acquire a stable, cash-flowing commercial asset with a highly regarded tenant in place. Whether purchased as a standalone investment or packaged with the Grand Hotel, this offering represents a strong addition to any income-producing portfolio.
* RESTAURANT CAN BE PURCHASED ALONG WITH ADJACENT GRAND HOTEL LISTING (PARCEL 031I J 005.00) OR PURCHASED SEPARATELY; HOWEVER IN ANY CONDITION, RESTAURANT SALE MUST OCCUR AFTER SALE OF GRAND HOTEL PER OWNERSHIP REQUEST.
Spring City, Tennessee
Keller Williams Commercial is pleased to present the exclusive offering of a long-standing, income-producing restaurant property located adjacent to the Grand Hotel in Spring City, Tennessee (Rhea County). Home to Winstead’s American Grill & King of Pizza, this well-established local favorite has been operating for over 32 years and currently generates $48,000 in annual rental income.
Strategically positioned along Highway 27, Spring City’s primary commercial corridor, the property directly benefits from a built-in customer base drawn from hotel guests, local residents, and regional workers — including crews from the nearby TVA nuclear facility, General Shale Brickyard, and Huber Engineered Woods. Its immediate proximity to Watts Bar Lake, Norfolk Southern Railway, and the Grand Hotel (Spring City’s only lakefront hotel) makes it a prime stop for travelers, fishermen, and long-term contractors alike.
Key Investment Highlights:
• $48,000 annual income from a well-established restaurant tenant
• Home to Winstead’s American Grill & King of Pizza, serving the community for over 32 years
• Adjacent to the Grand Hotel, a consistent source of guest traffic year-round
• High-visibility location along Highway 27, with excellent accessibility and parking
• Walkable to nearby businesses, a 24-hour convenience store, and residential neighborhoods
• Located in a community experiencing steady residential and industrial growth, including a planned 50+ unit single-family housing development nearby
This is a rare opportunity to acquire a stable, cash-flowing commercial asset with a highly regarded tenant in place. Whether purchased as a standalone investment or packaged with the Grand Hotel, this offering represents a strong addition to any income-producing portfolio.
* RESTAURANT CAN BE PURCHASED ALONG WITH ADJACENT GRAND HOTEL LISTING (PARCEL 031I J 005.00) OR PURCHASED SEPARATELY; HOWEVER IN ANY CONDITION, RESTAURANT SALE MUST OCCUR AFTER SALE OF GRAND HOTEL PER OWNERSHIP REQUEST.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,200 SF
Building Class
C
Year Built/Renovated
2009/2023
Price
$802,654 CAD
Price Per SF
$191.11 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.76 AC
Zoning
C - Commercial Zoning
Parking
50 Spaces (11.9 Spaces per 1,000 SF Leased)
Frontage
157’ on Rhea County Highway
AMENITIES
- Restaurant
- Wheelchair Accessible
- Air Conditioning
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22456 Rhea County Hwy
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