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Shopping Auto Center

Viles Automotive

905 Callahan Dr, Knoxville, TN 37912

Listing Price: $3,302,000

Cap Rate
6.25%
Gross SF
8,600
Rentable SF
8,600
Price/Gross SF
$383.95
Lot Size
2.57 acres
Year Built
2016

Investment Overview

Marcus and Millichap is pleased to exclusively present The Viles Automotive Group Building, located at 905 Callahan Dr | Knoxville, TN. The subject property was built in 2016, consists of approximately 8,600 rentable square-feet, and sits on a 2.57-acre parcel. Viles Automotive Group occupies the entire property and as part of sale, will sign a twenty years guaranteed absolute NNN lease with two percent annual escalations. Well respected in the Knoxville community, Viles Automotive Group offers a wide selection of vehicle sales and has a service center on site. The building has three drive-in doors and a second level private office overlooking the service area. The subject property sits just off of Interstate 75 and has over 26,000 vehicles pass by every day. Callahan Dr also serves as a direct thoroughfare from the interstate to a dense Class-A retail corridor which includes retailers such as Target, Kroger, Home Depot, Lowes, Walmart and more. The average 5-mile population for the property is 116,482 and the average 5-mile household income for the property is $65,604.

Investment Highlights

  • 20 Years Absolute NNN Lease Rate: $24.00/SF
  • 2.00% Annual Escalations
  • 3 Drive-In-Doors

Exclusively Listed By

Shopping Auto Center

Viles Automotive

Listing Price: $3,302,000

Cap Rate
6.25%
Gross SF
8,600
Rentable SF
8,600
Price/Gross SF
$383.95
Lot Size
2.57 acres
Year Built
2016

Investment Highlights

  • 20 Years Absolute NNN Lease Rate: $24.00/SF
  • 2.00% Annual Escalations
  • 3 Drive-In-Doors

Investment Overview

Marcus and Millichap is pleased to exclusively present The Viles Automotive Group Building, located at 905 Callahan Dr | Knoxville, TN. The subject property was built in 2016, consists of approximately 8,600 rentable square-feet, and sits on a 2.57-acre parcel. Viles Automotive Group occupies the entire property and as part of sale, will sign a twenty years guaranteed absolute NNN lease with two percent annual escalations. Well respected in the Knoxville community, Viles Automotive Group offers a wide selection of vehicle sales and has a service center on site. The building has three drive-in doors and a second level private office overlooking the service area. The subject property sits just off of Interstate 75 and has over 26,000 vehicles pass by every day. Callahan Dr also serves as a direct thoroughfare from the interstate to a dense Class-A retail corridor which includes retailers such as Target, Kroger, Home Depot, Lowes, Walmart and more. The average 5-mile population for the property is 116,482 and the average 5-mile household income for the property is $65,604.

Exclusively Listed By

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