Knoxville, TN - Take 5 Oil Change

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN ground leased Take 5 Oil Change investment property located in Knoxville, Tennessee. The tenant, SBV T5 1647 LLC (dba Take 5 Oil Change), recently executed a brand new 15-year lease with four (4) 5-year renewal options, demonstrating its long-term commitment to the site. The lease features scheduled 10% rental increases every five years throughout the primary term and at the commencement of each renewal option, supporting steady NOI growth and providing a built-in hedge against inflation. The lease is structured as an absolute NNN ground lease with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive or out-of-state investor.

The property is strategically positioned as an outparcel to Grassy Creek Shopping Center, a Food City-anchored neighborhood shopping center attracting approximately 1.7 million annual visits, and is just minutes from Northwest Crossing and Crown Point Plaza, which collectively generate 7.3 million annual visits. The site also benefits from its location just off the intersection of Schaad Road and Oak Ridge Highway, with ongoing roadway improvements expected to enhance long-term accessibility. Additionally, the property is surrounded by established residential communities and nearby master-planned developments that continue to expand the area’s consumer base. The asset is positioned along the primary commuter corridor between Knoxville and Oak Ridge, benefiting from approximately $12 billion of announced advanced nuclear investment and significant employment growth. The 5-mile trade area is supported by more than 136,300 residents and 69,500 employees, while the immediate 1-mile trade area features an average household income of $108,203.

---

Report Listing This listing was syndicated through:

Listing ID: a28TP0000033bhFYAQ