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2305 Callahan Dr
Knoxville, TN 37912
Sherwin Williams · Retail Property For Sale
Investment Highlights
- Sherwin-Williams Has Occupied the Property Since 2007 and Recently Exercised Its Renewal Option Early, Demonstrating Long- Term Commitment to the Site
- 5% Rental Increase Scheduled for November 2027 Plus One Additional Five-Year Renewal Option Featuring a 10% Rent Increase
- Strategically Positioned Less Than One Mile from Lowe's, Target, Walmart, Home Depot, Kroger, Chick-fil-A, and Numerous Other National Retailers
- 6+ Years Remaining on Double Net Lease (NN) - Minimal Landlord Responsibilities
- High-Visibility Location Along Callahan Drive (25,000 VPD) and Clinton Highway (31,380 VPD), Within One of Knoxville's Premier Retail Corridors
- Positioned in a Densely Populated Retail Corridor with Over 126,000 Residents Within Five Miles
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,000 SF
Building Class
B
Year Built
2007
Price
$1,836,731 CAD
Price Per SF
$367.35 CAD
Cap Rate
6.25%
NOI
$114,724 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.75 AC
Parking
30 Spaces (6 Spaces per 1,000 SF Leased)
Frontage
93’ on Callahan Dr
Property Taxes
| Parcel Number | 067LC-001 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $504,353 CAD |
Property Taxes
Parcel Number
067LC-001
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$504,353 CAD
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