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Restaurant

Swig - 15 Year Abs NNN BTS

4504 Grassy Knl Rd, Knoxville, TN 37931

Listing Price: $2,109,000

Cap Rate
6.35%
Tenant Name
Swig
Years Remaining On Lease
14.8
Gross SF
668
Guarantor
Personal Guarantee
Rentable SF
668
Price/Gross SF
$3,157.19
Lease Type
Absolute Net
Rent Per Square Feet
$200.53

Investment Overview

Swig is a drive-thru soda-fountain chain, founded in April 2010 in St. George, Utah. The brand is known for its popular "dirty sodas", soft drinks mixed with add-ins such as cream and flavored syrups. Swig is often credited as the originator of this concept, which has developed into a national consumer trend. The category's popularity has been fueled by social media engagement, strong consumer demand for personalization, and broad appeal across multiple demographics.

The Knoxville market is centered in eastern Tennessee and is the state’s third-largest metro, after Nashville and Memphis. Knoxville covers nine counties: Anderson, Blount, Campbell, Grainger, Knox, Loudon, Morgan, Roane, and Union. The local economy is supported by the University of Tennessee and year-round tourism from the Great Smoky Mountains.

Investment Highlights

  • Brand New 15-Year Absolute Triple-Net Lease with a Multi-Unit Swig Franchisee
  • Annual Rental Increases with Multiple Renewal Options
  • Swig is a Rapidly-Growing QSR Brand with 170 Plus Locations Across 23 States
  • Outparcel to Food City Anchored Shopping Center, Adjacent to New Tenants: Taco Bell, Take 5 Oil Change, PureMagic Car Wash, and Wagbar Dog Park + Bar
  • New 2026 Construction with Two Drive-Thru Lanes
  • 231,129 Residents within a Five-Mile Radius in Growing Knoxville Trade Area
  • Tennessee is a Business-Friendly State - No State Income Tax
  • Highly Visible Location Near the Corner of Oak Ridge Highway and Schaad Road (Approximately 37,570 Combined Cars per Day)

Exclusively Listed By

  • Mark Ruble

    Executive Managing Director Investments

    (602) 687-6766

    Email Mark

    License(s): AZ: SA550593000, NV: S.0192964

    Columbus

  • Chris Lind

    Senior Managing Director Investments

    (602) 687-6780

    Email Chris

    License(s): AZ: SA627823000, NC: LC1060

    Phoenix

  • Zack House

    Senior Managing Director Investments

    (602) 687-6650

    Email Zack

    License(s): AZ: SA665750000, NC: LC1059

    Phoenix

Broker of Record

  • Jody Mckibben

    Senior Managing Director, Market Leader - Mid-South

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Financing By

Restaurant

Swig - 15 Year Abs NNN BTS

Listing Price: $2,109,000

Cap Rate
6.35%
Tenant Name
Swig
Years Remaining On Lease
14.8
Gross SF
668
Guarantor
Personal Guarantee
Rentable SF
668
Price/Gross SF
$3,157.19
Lease Type
Absolute Net
Rent Per Square Feet
$200.53

Investment Highlights

  • Brand New 15-Year Absolute Triple-Net Lease with a Multi-Unit Swig Franchisee
  • Annual Rental Increases with Multiple Renewal Options
  • Swig is a Rapidly-Growing QSR Brand with 170 Plus Locations Across 23 States
  • Outparcel to Food City Anchored Shopping Center, Adjacent to New Tenants: Taco Bell, Take 5 Oil Change, PureMagic Car Wash, and Wagbar Dog Park + Bar
  • New 2026 Construction with Two Drive-Thru Lanes
  • 231,129 Residents within a Five-Mile Radius in Growing Knoxville Trade Area
  • Tennessee is a Business-Friendly State - No State Income Tax
  • Highly Visible Location Near the Corner of Oak Ridge Highway and Schaad Road (Approximately 37,570 Combined Cars per Day)

Investment Overview

Swig is a drive-thru soda-fountain chain, founded in April 2010 in St. George, Utah. The brand is known for its popular "dirty sodas", soft drinks mixed with add-ins such as cream and flavored syrups. Swig is often credited as the originator of this concept, which has developed into a national consumer trend. The category's popularity has been fueled by social media engagement, strong consumer demand for personalization, and broad appeal across multiple demographics. The Knoxville market is centered in eastern Tennessee and is the state’s third-largest metro, after Nashville and Memphis. Knoxville covers nine counties: Anderson, Blount, Campbell, Grainger, Knox, Loudon, Morgan, Roane, and Union. The local economy is supported by the University of Tennessee and year-round tourism from the Great Smoky Mountains.

Exclusively Listed By

  • Mark Ruble

    Executive Managing Director Investments

    (602) 687-6766

    Email Mark

    License(s): AZ: SA550593000, NV: S.0192964

    Columbus

  • Chris Lind

    Senior Managing Director Investments

    (602) 687-6780

    Email Chris

    License(s): AZ: SA627823000, NC: LC1060

    Phoenix

  • Zack House

    Senior Managing Director Investments

    (602) 687-6650

    Email Zack

    License(s): AZ: SA665750000, NC: LC1059

    Phoenix

Broker of Record

  • Jody Mckibben

    Senior Managing Director, Market Leader - Mid-South

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

Financing By

MM Texture Background
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