Restaurant
Hardee's (Dark) | West Knoxville, TN Growth Corridor
7762 Oak Ridge Hwy, Knoxville, TN 37931
Listing Price: $1,995,000
Investment Overview
--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
Hardee's (Dark) | West Knoxville, TN Growth Corridor
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
Exclusively Listed By
Broker of Record
-
Jody McKibben
Senior Managing Director, Market Leader - Mid-South
Restaurant
Hardee's (Dark) | West Knoxville, TN Growth Corridor
Listing Price: $1,995,000
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
Investment Overview
--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
Exclusively Listed By
Broker of Record
-
Jody McKibben
Senior Managing Director, Market Leader - Mid-South
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