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NNN Burger King | Knoxville, TN 319 Merchants Dr 3,440 SF Retail Building Knoxville, TN 37912 $1,845,949 ($536.61/SF) 5.85% Cap Rate
INVESTMENT HIGHLIGHTS
- ABSOLUTE NNN LEASE STRUCTURE: Absolute triple net (NNN) lease with zero landlord responsibilities, offering a truly passive “hands-off” opportunity
- ADDITIONAL BILLBOARD INCOME: Property includes an on-site billboard, operated by Link Media Outdoor (Boston Omaha - NYSC: BOC)
- PRIME KNOXVILLE LOCATION: Strategically situated off I-75 off-ramp on Merchant Drive, a dense retail corridor surrounded by strong national retailers
- LONG-TERM CORPORATE GUARANTEE: With over 10 years remaining, the lease is backed by a strong corporate guarantee
- UPCOMING REMODEL: The site is scheduled for an upcoming remodel, demonstrating the tenant’s long-term commitment and investment in the location
- TAX-FREE STATE: Tennessee is a tax-free state, and provides investors with a more “landlord friendly” atmosphere
EXECUTIVE SUMMARY
NNN Deal is pleased to present the opportunity to acquire an absolute NNN leased property, providing truly passive, hands-off ownership with zero landlord responsibilities. The lease has over 10 years remaining, and is backed by a strong corporate guarantee from Burger King, one of the nation’s leading quick-service restaurant brands, ensuring long-term income stability. The property also includes an on-site billboard, generating additional income and enhancing overall yield. Scheduled for an upcoming remodel, the site demonstrates the tenant’s ongoing commitment and investment in the location. Strategically positioned just 750 feet from the I-75 off-ramp on Merchant Drive, the property benefits from a dense retail corridor, surrounded by strong national retailers and consistent consumer traffic. Located in Tennessee, a tax-free state, the investment offers a landlord-friendly environment that further supports long-term growth and returns.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
3,440 SF
Building Class
B
Year Built
1986
Price
$1,845,949
Price Per SF
$536.61
Cap Rate
5.85%
NOI
$107,988
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.16 AC
Zoning
C - Commercial
Parking
45 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Freeway Visibility
- Pylon Sign
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Burger King is known for serving high-quality, great-tasting, and affordable food. Founded in 1954, Burger King is the second largest fast food hamburger chain in the world. The original Home of the Whopper, their commitment to premium ingredients, signature recipes, and family-friendly dining experiences is what has defined their brand for many successful years.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 068KC-004 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $660,760 |
PROPERTY TAXES
Parcel Number
068KC-004
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$660,760
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NNN Burger King | Knoxville, TN | 319 Merchants Dr
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