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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
Strong-performing, high-traffic location with over 29 years of tenant occupancy. This freestanding Subway property operates under an absolute NNN lease with no landlord obligations, providing fully passive income.
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.
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
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,000 SF
Building Class
B
Year Built
1983
Price
$969,231
Price Per SF
$484.62
Cap Rate
6.50%
NOI
$63,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.37 AC
Opportunity Zone
Yes
Zoning
CS - commercial service
Parking
15 Spaces (7.5 Spaces per 1,000 SF Leased)
Frontage
85’ on Alcoa Hwy
Amenities
- Signage
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- -
- $31.50
- Triple Net
- Sep 2025
Subway began in 1965 when Fred DeLuca opened Pete's Super Submarines in Bridgeport, Connecticut with financing help from Peter Buck. The company pioneered the fast-casual restaurant model focused on customizable submarine sandwiches. After expanding through franchising since 1974, it now maintains dual headquarters in Connecticut and Florida while operating thousands of locations worldwide. The menu features made-to-order subs, wraps, salads and baked goods with fresh ingredients. Though now a global brand, its Connecticut roots remain central to the company's identity.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | - | $31.50 | Triple Net | Sep 2025 |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
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
Parcel Number
026E-B-005.00
Land Assessment
$239,960
Improvements Assessment
$176,320
Total Assessment
$416,280
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Subway | 2580 Alcoa Hwy
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