Log In/Sign Up
Your email has been sent.
NNN Burger King | Knoxville, TN 319 Merchants Dr 3,440 SF Retail Building Knoxville, TN 37912 $2,578,830 CAD ($749.66 CAD/SF) 5.85% Cap Rate
Investment Highlights
- ABSOLUTE NNN LEASE STRUCTURE: Absolute triple net (NNN) lease with zero landlord responsibilities, offering a truly passive “hands-off” opportunity
- ADDITIONAL BILLBOARD INCOME: On-site billboard generates supplementary income, operated by Link Media Outdoor (Boston Omaha - NYSC: BOC)
- PRIME KNOXVILLE LOCATION: Strategically situated 750 ft from I-75 off-ramp on Merchant Drive, a dense retail corridor surrounded by national retailers
- LONG-TERM CORPORATE GUARANTEE: With over 10 years remaining, the lease is backed by a strong corporate guarantee
- UPCOMING REMODEL: The site is slated for an upcoming remodel, demonstrating the tenant’s long-term commitment and investment in the location
- TAX-FREE STATE: Tennessee is a tax-free state, and provides investors with a more “landlord friendly” atmosphere
Executive Summary
NNN Deal 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.
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
3,440 SF
Building Class
B
Year Built
1986
Price
$2,578,830 CAD
Price Per SF
$749.66 CAD
Cap Rate
5.85%
NOI
$150,862 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.16 AC
Zoning
C - Commercial
Parking
45 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Freeway Visibility
- Pylon Sign
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 068KC-004 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $904,825 CAD |
Property Taxes
Parcel Number
068KC-004
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$904,825 CAD
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
NNN Burger King | Knoxville, TN | 319 Merchants Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.