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7762 Oak Ridge Hwy
Knoxville, TN 37931
Freestanding Drive-Thru Opportunity · Retail Property For Sale


Investment Highlights
- Signalized, Hard Corner Location West Knoxville’s Primary Growth Corridor | This Region has Experienced Nearly 20% Growth Since 2010
- Positioned Amidst Significant Residential and Retail Expansion: Over 2,400 New Residential Units Have Been or are Being Constructed in the Area
- Flexible Single-Tenant Configuration | Large Lot of ±1.45 Acres and Abundant Parking, Offering Maximum Visibility and Access Along Oak Ridge Highway
Executive Summary
--Signalized, Hard Corner Location West Knoxville’s Primary Growth Corridor | This Region has Experienced Nearly 20% Growth Since 2010, Nearly Double that of Statewide and National Growth Rates
--Flexible Single-Tenant Configuration with a Large Lot of ±1.45 Acres and Abundant Parking, Offering Maximum Visibility and Access Along Oak Ridge Highway (Highway 62)
--Positioned Amidst Significant Residential and Retail Expansion: Over 2,400 New Residential Units Have Been or are Being Constructed in the West Knoxville Region
---Income Stability with Future Flexibility in a Growing Region---
--Corporate Hardee’s Absolute NNN Lease (Zero Landlord Responsibilities) with ±5 Years Remaining, Offering Passive Income Today and Mark-to-Market Upside at Expiration or Through a Negotiated Early Termination
--Oak Ridge Highway (Highway 62) is a Major Arterial Connecting Downtown Knoxville, West Knoxville, and Oak Ridge with Strong Daily Commuter Traffic Patterns
--West/Northwest Knoxville Continues to Capture Outsized Growth, with ±5,600 Housing Units Permitted Countywide from 2015-2024 and Multiple Large Commercial Projects Advancing in Nearby Areas
--Ongoing Highway 62 Enhancements Include Turn Lanes, Sidewalks, Greenways, And Lane Expansion Further Strengthen Accessibility and Long-Term Corridor Appeal
---Strong Real Estate Fundamentals---
--Superior Visibility with Prominent Pylon Signage, Outdoor Seating, and Dedicated Drive-Thru Configuration Designed for High Volume Quick Service Operations
--Large ±1.45-Acre Parcel Featuring Ample Parking and Multiple Points of Ingress and Egress
--Knoxville Benefits from Stable Job Growth, Low Unemployment, and a Diverse Employment Base Anchored by Education, Healthcare, Manufacturing, and Technology
--Residential and Commercial Development Trends Indicate Continued Westward Expansion, Positioning the Property within a Strengthening Submarket
Broker Of Record: Jody McKibben - Lic #: 307629
--Flexible Single-Tenant Configuration with a Large Lot of ±1.45 Acres and Abundant Parking, Offering Maximum Visibility and Access Along Oak Ridge Highway (Highway 62)
--Positioned Amidst Significant Residential and Retail Expansion: Over 2,400 New Residential Units Have Been or are Being Constructed in the West Knoxville Region
---Income Stability with Future Flexibility in a Growing Region---
--Corporate Hardee’s Absolute NNN Lease (Zero Landlord Responsibilities) with ±5 Years Remaining, Offering Passive Income Today and Mark-to-Market Upside at Expiration or Through a Negotiated Early Termination
--Oak Ridge Highway (Highway 62) is a Major Arterial Connecting Downtown Knoxville, West Knoxville, and Oak Ridge with Strong Daily Commuter Traffic Patterns
--West/Northwest Knoxville Continues to Capture Outsized Growth, with ±5,600 Housing Units Permitted Countywide from 2015-2024 and Multiple Large Commercial Projects Advancing in Nearby Areas
--Ongoing Highway 62 Enhancements Include Turn Lanes, Sidewalks, Greenways, And Lane Expansion Further Strengthen Accessibility and Long-Term Corridor Appeal
---Strong Real Estate Fundamentals---
--Superior Visibility with Prominent Pylon Signage, Outdoor Seating, and Dedicated Drive-Thru Configuration Designed for High Volume Quick Service Operations
--Large ±1.45-Acre Parcel Featuring Ample Parking and Multiple Points of Ingress and Egress
--Knoxville Benefits from Stable Job Growth, Low Unemployment, and a Diverse Employment Base Anchored by Education, Healthcare, Manufacturing, and Technology
--Residential and Commercial Development Trends Indicate Continued Westward Expansion, Positioning the Property within a Strengthening Submarket
Broker Of Record: Jody McKibben - Lic #: 307629
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,612 SF
Building Class
C
Year Built
1986
Price
$1,995,000
Price Per SF
$552.33
Cap Rate
6.85%
NOI
$136,643
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.45 AC
Zoning
CA - Commercial
Parking
49 Spaces (13.57 Spaces per 1,000 SF Leased)
Frontage
92’ on Oak Ridge Hwy
Amenities
- Pylon Sign
- Drive Thru
Property Taxes
| Parcel Number | 090-02502 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $912,395 |
Property Taxes
Parcel Number
090-02502
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$912,395
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