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Subway 2580 Alcoa Hwy 2,000 SF Retail Building Alcoa, TN 37701 $969,231 ($484.62/SF) 6.50% Cap Rate
Investment Highlights
- Absolute NNN lease with current tenant in place since 1994.
- 2,000 sf QSR with drive thru on 0.37 acre lot.
- Located on major corridor with strong surrounding demographics. Minutes to Knoxville and key medical/hospital traffic
Executive Summary
The tenant has historically exercised all renewal options and continues to operate successfully at this location. While the lease expires September 30, 2026, with 4 two-year options remaining, this location’s long history and past renewals suggest strong renewal potential.
Strategically located on Alcoa Hwy (US-129) with direct visibility and access, this asset is minutes from McGhee Tyson Airport and the University of Tennessee Medical Center corridor.
**This property is part of a three-property Subway portfolio. A discounted price and improved CAP rate are available if purchased together. Contact broker for details. See other listings for additional information - 1775 W. Broadway Ave. Maryville, TN and 10631 Chapman Hwy. Seymour, TN
All information provided herein is deemed reliable but is not guaranteed. Buyers are advised to independently verify all details and conduct their own due diligence prior to purchase.
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- -
- $31.50
- Triple Net
- Sep 2025
Subway is a privately held American quick-service restaurant brand founded in 1965 by Fred DeLuca and Peter Buck in Bridgeport, Connecticut. The company began as Pete’s Super Submarines before adopting the Subway name in 1968 and later expanding through franchising in the 1970s. Its global headquarters operations now include a dual-headquarters structure, with Connecticut serving as the central location for key business functions. The organization relocated its Connecticut headquarters to Shelton, establishing its presence at 1 Corporate Drive as part of a strategic workplace modernization effort. Subway has grown into a major global restaurant brand operating tens of thousands of franchised locations worldwide. The company is owned by Roark Capital Group following its acquisition, and its franchise-based model continues to define its business structure. Over the decades, Subway has emphasized menu evolution and operational adaptation, reflecting changing industry conditions and consumer preferences. The brand remains focused on systemwide consistency and support for its network of franchise operators.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | - | $31.50 | Triple Net | Sep 2025 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 026E-B-005.00 | Improvements Assessment | $176,320 |
| Land Assessment | $239,960 | Total Assessment | $416,280 |
Property Taxes
Presented by
Subway | 2580 Alcoa Hwy
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