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Subway 2580 Alcoa Hwy 1,100 SF Retail Building Alcoa, TN 37701 $969,231 ($881.12/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 Under Contract
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Accommodation and Food Services
- -
- $31.50
- Triple Net
- Sep 2025
Subway® is simply the better choice for freshly made, convenient, and affordable food. For a reason, they are one of the world’s largest restaurant brands, serving up a crave-able menu with better options to their millions of fans, every day. Whether it’s their bread baked fresh daily, new flavorful signature subs or their classic fan favorites made fresh to order, Subway® delivers a quality, delicious meal that people can feel good about. The Subway® story began in 1965 when Fred DeLuca asked his family friend, Dr. Peter Buck, a nuclear physicist, for advice on how to pay his college tuition. With an idea to open a submarine sandwich shop and an initial investment from Dr. Buck, the two formed a business partnership that would ultimately change the landscape of the quick-service restaurant industry.
| 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 | $0 |
| Land Assessment | $0 | Total Assessment | $416,280 |
PROPERTY TAXES
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Subway | 2580 Alcoa Hwy
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