Log In/Sign Up
Your email has been sent.
Take 5 Oil Change | Absolute NNN Ground Lease 4516 Grassy Knoll Rd 1,920 SF Retail Building Knoxville, TN 37931 $3,219,216 CAD ($1,676.67 CAD/SF) 6.25% Cap Rate
Investment Highlights
- Brand New 15-Year Lease | 10% Rental Increases | Established Multi-Unit Franchisee
- Outparcel To Grassy Creek Shopping Center (1.7M Annual Visits) | Proximity To Major Retail Destinations
- Growing Residential Base | Expanding Consumer Demand
- Absolute NNN Ground Lease | Leased Fee Ownership | Zero Landlord Responsibilities
- Regional Connectivity | Infrastructure Improvements
- Strong Demographics | Oak Ridge Growth Corridor
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN ground leased Take 5 Oil Change investment property located in Knoxville, Tennessee. The tenant, SBV T5 1647 LLC (dba Take 5 Oil Change), recently executed a brand new 15-year lease with four (4) 5-year renewal options, demonstrating its long-term commitment to the site. The lease features scheduled 10% rental increases every five years throughout the primary term and at the commencement of each renewal option, supporting steady NOI growth and providing a built-in hedge against inflation. The lease is structured as an absolute NNN ground lease with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive or out-of-state investor.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
1,920 SF
Building Class
C
Year Built
2026
Price
$3,219,216 CAD
Price Per SF
$1,676.67 CAD
Cap Rate
6.25%
NOI
$201,201 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.46 AC
Zoning
CA - General Business
Parking
7 Spaces (3.65 Spaces per 1,000 SF Leased)
Amenities
- Signage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Not bikeable
10/100
Nearby Major Retailers
1 of 11
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Take 5 Oil Change | Absolute NNN Ground Lease | 4516 Grassy Knoll Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.