Take 5 Oil Change Knoxville Msa — Sale in Morristown, TN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Morristown, TN 37814

Investment Figures

Cap rate
6.60%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

ACROSS FROM TOP PERFORMING LOWE’S HOME IMPROVEMENT (TOP 20% IN THE US) • This Take 5 is positioned on Hwy 11E (40,528 VPD) directly across from a top performing Lowe’s Home Improvement that ranks in the top 20% of Lowe’s locations in the country (Placer.ai) • Located in a high growth corridor with multiple new retail & residential developments within 2 miles of the Take 5. • Significant Developments within 2 miles of this Take 5 include: • Merchants Greene: An 80 acre development including a new Walmart Supercenter, ALDI, 2 Hotels, & multiple outparcels. • New Publix Anchored Shopping Center with Academy, PetSmart, Chipotle, Panda Express, Whataburger, Speedway, Starbucks and more. • Masengill Landing (89 Homes, 80 Townhomes, 100 Apartments) directly across from this Take 5. • Additional national tenant developments: Dutch Bros, 7 Brew, Truist, Wendys, Freddy’s, and multiple strip centers. KNOXVILLE MSA | 3RD LARGEST CITY IN TN • Morristown is 45 minutes northeast of downtown Knoxville and a part of the Knoxville MSA. • Knoxville is the largest city in the East Tennessee Grand Division and the state’s third-largest city after Nashville and Memphis. • Home to the University of Tennessee which has 36,304 students enrolled and nearly 10,000 staff members. • The largest company based in Knoxville is the privately-held Pilot Flying J, the nation’s largest truck stop chain and sixth largest private company. • Over 700 manufacturing establishments are scattered throughout the Knoxville area. Sea Ray Boats is the city’s largest manufacturer, employing 760 residents. • The Knoxville area is home to 182 shopping centers and factory outlets, and over 2,400 retail establishments. 15 YEAR NNN GROUND LEASE WITH 10% RENT INCREASES • The subject property has a 15 Year NNN ground lease that will commence upon close of escrow. • This is an absolute NNN ground lease, and the tenant is 100% responsible for all taxes, insurance, CAM, roof and structure. • There are attractive 10% rent i

Market Context

This retail in Morristown, TN is listed for sale. It is offered at an approximate 6.6% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 100 days. Compare it against other retail listings for sale in Morristown, TN — view the full market.

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