Freestanding Drive-Thru Opportunity West Knoxville Growth Corridor

7762 Oak Ridge Highway, Knoxville, TN 37931

Property Description

Price: $1,995,000
Land Area: ±1.45 AC
Cap Rate: 6.85%
Gross Leasable Area: ±3,612 SF
Year Built: 1986

Investment Highlights

  • 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

Contact Information

Ron Duong
Ron Duong
Senior Managing Director Investments
(949) 419-3233
[email protected]
License: CA 01438643

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