Burger King NNN Property For Sale — Knoxville, TN
319 Merchant Dr, Knoxville, TN 37912
This investment opportunity features an Absolute NNN Burger King with over 10 years remaining on the lease, providing a truly passive 'hands-off' ownership experience. The property also benefits from additional income generated by an on-site billboard. Located strategically 750 feet from the I-75 off-ramp on Merchant Drive in Knoxville, Tennessee, a tax-free state known for its landlord-friendly atmosphere. The tenant, Burger King, is one of the world's largest and most recognizable quick-service restaurant brands, operating over 19,700 locations globally. The company is actively executing a multi-year 'Reclaim the Flame' plan, investing significantly in operations and modernization, leading to consistent sales increases in remodeled units. This specific location is slated for renovation…
- Address: 319 Merchant Dr, Knoxville, TN 37912
- Asking price $1.87M
- 5.85% cap rate
- NOI $109,225
- 10 years remaining
- NNN lease
- Year built: 1986
- Building size: 3,440 SF
- Lot size: 1.16 acres
- Lease expiration: Jul 12, 2036
- Rent increases: 1% annual increases in base term; 5% increases in each option
- Guarantor: Corporate
Location
This Burger King property is at 319 Merchant Dr in Knoxville, Tennessee.
Asset type: QSR