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7530 Thunder Ln
Powell, TN 37849
Planet Fitness · Retail Property For Sale
Investment Highlights
- Investors have the flexibility to acquire the asset as part of a larger portfolio or as a standalone investment.
- Situated in Knox County, Tennessee’s third-largest county with a population exceeding 500,000 residents.
- Located within a growing residential community supported by strong schools, established neighborhoods, and an increasing concentration of dual-income
- Strategically located along the heavily traveled East Emory Road corridor with signalized access and more than 27,000 vehicles per day.
- Positioned among a strong concentration of national brands creating a highly active retail environment with consistent consumer traffic.
- Constructed in 2024, the property requires minimal near-term capital expenditures and features approximately 12 years remaining on the initial lease.
Executive Summary
Broker of Record
Hutt Cooke
Matthews Real Estate Investment Services, Inc
356505, 263667 (TN)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
Hutt Cooke
Matthews Real Estate Investment Services, Inc
356505, 263667 (TN)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Health Club
Building Size
15,019 SF
Building Class
C
Year Built
2023
Price
$8,812,643 CAD
Price Per SF
$586.77 CAD
Cap Rate
6.25%
NOI
$550,870 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.22
Lot Size
1.58 AC
Property Taxes
| Parcel Number | 047-08305 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $2,557,655 CAD |
Property Taxes
Parcel Number
047-08305
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,557,655 CAD
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