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Swig - 15 Year Abs NNN BTS 4504 Grassy Knoll Rd 668 SF Retail Building Knoxville, TN 37931 $2,232,500 ($3,342.07/SF) 6% Cap Rate
Investment Highlights
- Brand New 15-Year Absolute NNN Lease with a Multi-Unit Swig Franchisee
- Swig is a Rapidly-Growing QSR Brand with 170+ Locations Across 23 States
- New 2026 Construction with Two Drive-Thru Lanes
- Annual Rental Increases with Multiple Renewal Options
- Outparcel to Food City Anchored Shopping Center, Adjacent to New Tenants: Taco Bell, Take 5 Oil Change, PureMagic Car Wash, and Wagbar Dog Park + Bar
- 231,129 Residents within a 5-Mile Radius in Growing Knoxville Trade Area
Executive Summary
Swig is a drive-thru soda-fountain chain, founded in April 2010 in St. George, Utah. The brand is known for its popular "dirty sodas", soft drinks mixed with add-ins such as cream and flavored syrups. Swig is often credited as the originator of this concept, which has developed into a national consumer trend. The category's popularity has been fueled by social media engagement, strong consumer demand for personalization, and broad appeal across multiple demographics.
The Knoxville market is centered in eastern Tennessee and is the state’s third-largest metro, after Nashville and Memphis. Knoxville covers nine counties: Anderson, Blount, Campbell, Grainger, Knox, Loudon, Morgan, Roane, and Union. The local economy is supported by the University of Tennessee and year-round tourism from the Great Smoky Mountains.
The Knoxville market is centered in eastern Tennessee and is the state’s third-largest metro, after Nashville and Memphis. Knoxville covers nine counties: Anderson, Blount, Campbell, Grainger, Knox, Loudon, Morgan, Roane, and Union. The local economy is supported by the University of Tennessee and year-round tourism from the Great Smoky Mountains.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
668 SF
Building Class
B
Year Built
2026
Price
$2,232,500
Price Per SF
$3,342.07
Cap Rate
6%
NOI
$133,953
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.51 AC
Frontage
241’ on Tennessee 62
Somewhat walkable
30/100
Exceptionally drivable
100/100
Not bikeable
10/100
Contacts
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Mark Ruble -
Charlaine Horning -
Christopher Lind -
Zack House -
Jody McKibben -
Marcus & Millichap
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
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