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Family Dollar 2604 E Magnolia Ave 10,000 SF Retail Building Knoxville, TN 37914 $1,065,000 ($106.50/SF) 7.11% Cap Rate
Investment Highlights
- Family Dollar renewed their final option on 7/1/2025 for 5 years with a 10% rent increase
- Brand new exterior lighting and solar panel parking lot lighting
- The building features ample frontage, flexible interior layout potential, and convenient on-site parking.
- Significant tenant improvements made to the building in 2024
- Located on a hard corner along the highly trafficked East Magnolia Avenue corridor.
Executive Summary
STNL Opportunity with a new 5 year lease renewal and 10% rent increase.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,000 SF
Building Class
B
Year Built
1945
Price
$1,065,000
Price Per SF
$106.50
Cap Rate
7.11%
NOI
$75,680
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.25
Lot Size
0.91 AC
Opportunity Zone
Yes
Zoning
C-3 - Mixed Urban Oriented Commercial
Parking
47 Spaces (4.7 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | 082KB-002 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $327,660 |
Property Taxes
Parcel Number
082KB-002
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$327,660
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Family Dollar | 2604 E Magnolia Ave
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