Skip to main content

Shopping Strip

AFC Urgent Care & Retail Strip Center - 100% Occupied | Knoxville, TN | High Quality Construction

5132 N Broadway St, Knoxville, TN 37918

Listing Price: $7,800,000

Cap Rate
6.53%
Gross SF
15,755
Rentable SF
15,755
Price/Gross SF
$495.08
Lot Size
1.62 acres
Year Built
2017

Investment Overview

Knoxville is a city in, and the county seat of, Knox County in the U.S. state of Tennessee. As of July 1, 2019, Knoxville’s population was 187,603, making it the largest city in the East Tennessee Grand Division, and the state’s overall third largest city after Nashville and Memphis. Knoxville is the principal city of the Knoxville Metropolitan Statistical Area, which had an estimated population of 869,046 in 2019. Knoxville is the home of the flagship campus of the University of Tennessee, whose sports teams, the Tennessee Volunteers, are popular in the surrounding area. The City is also home to the headquarters of the Tennessee Valley Authority, the Tennessee Supreme Court’s courthouse for East Tennessee, and the corporate headquarters of several national and regional companies. As one of the largest cities in the Appalachian region, Knoxville has positioned itself in recent years as a repository of Appalachian culture and is one of the gateways to the Great Smoky Mountains National Park. Kiplinger ranked Knoxville at #5 in its list of Best Value Cities 2011 citing “college sports, the Smoky Mountains and an entrepreneurial spirit”. In April 2008, Forbes magazine named Knoxville among the Top 10 Metropolitan Hotspots in the United States, and within Forbes’s Top 5 for Business & Careers, just behind cities like New York and Los Angeles.

Investment Highlights

  • AFC Urgent Care Building and 100% Occupied Four-Tenant Strip Featuring NNN Leases with Favorable Increases Throughout the Initial Term and Options. 2017 High Quality Construction.
  • Positioned Along Area's Major Retail & Traffic Corridor: Hard Corner Location - Features Direct Access and Excellent Visibility with Daily Combined Traffic Counts Exceeding 43k Vehicles.
  • Directly Across from a Kroger and a Chick-fil-A. Near Numerous other National Retailers including Big Lots, Food City, Harbor Freight, Walgreens, CVS Pharmacy, Planet Fitness and many more.
  • Densely Populated Knoxville Suburb: Features more than 143k People Residing within a 5-Mile Radius.
  • AFC is Recognized on INC 5000 List for being one of the Fastest Growing Private Companies in America and for the 8th time Ranked among the Best in Entrepreneur Magazine's Franchise 500.
  • First Watch is Majority Owned by Advent International Corp., which is one of the most Experienced Global Private Equity Investors w/ 350+ Private Equity Transactions and $56.6B in Total Assets under Management.
  • First Watch is Majority Owned by Advent International Corp., which is one of the most Experienced Global Private Equity Investors w/ 350+ Private Equity Transactions and $56.6B in Total Assets under Management.
  • Synergistic Internet-Resistant Tenant Lineup.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2860

    License(s) TN: 307629

    Tennessee

Shopping Strip

AFC Urgent Care & Retail Strip Center - 100% Occupied | Knoxville, TN | High Quality Construction

Listing Price: $7,800,000

Cap Rate
6.53%
Gross SF
15,755
Rentable SF
15,755
Price/Gross SF
$495.08
Lot Size
1.62 acres
Year Built
2017

Investment Highlights

  • AFC Urgent Care Building and 100% Occupied Four-Tenant Strip Featuring NNN Leases with Favorable Increases Throughout the Initial Term and Options. 2017 High Quality Construction.
  • Positioned Along Area's Major Retail & Traffic Corridor: Hard Corner Location - Features Direct Access and Excellent Visibility with Daily Combined Traffic Counts Exceeding 43k Vehicles.
  • Directly Across from a Kroger and a Chick-fil-A. Near Numerous other National Retailers including Big Lots, Food City, Harbor Freight, Walgreens, CVS Pharmacy, Planet Fitness and many more.
  • Densely Populated Knoxville Suburb: Features more than 143k People Residing within a 5-Mile Radius.
  • AFC is Recognized on INC 5000 List for being one of the Fastest Growing Private Companies in America and for the 8th time Ranked among the Best in Entrepreneur Magazine's Franchise 500.
  • First Watch is Majority Owned by Advent International Corp., which is one of the most Experienced Global Private Equity Investors w/ 350+ Private Equity Transactions and $56.6B in Total Assets under Management.
  • First Watch is Majority Owned by Advent International Corp., which is one of the most Experienced Global Private Equity Investors w/ 350+ Private Equity Transactions and $56.6B in Total Assets under Management.
  • Synergistic Internet-Resistant Tenant Lineup.

Investment Overview

Knoxville is a city in, and the county seat of, Knox County in the U.S. state of Tennessee. As of July 1, 2019, Knoxville’s population was 187,603, making it the largest city in the East Tennessee Grand Division, and the state’s overall third largest city after Nashville and Memphis. Knoxville is the principal city of the Knoxville Metropolitan Statistical Area, which had an estimated population of 869,046 in 2019. Knoxville is the home of the flagship campus of the University of Tennessee, whose sports teams, the Tennessee Volunteers, are popular in the surrounding area. The City is also home to the headquarters of the Tennessee Valley Authority, the Tennessee Supreme Court’s courthouse for East Tennessee, and the corporate headquarters of several national and regional companies. As one of the largest cities in the Appalachian region, Knoxville has positioned itself in recent years as a repository of Appalachian culture and is one of the gateways to the Great Smoky Mountains National Park. Kiplinger ranked Knoxville at #5 in its list of Best Value Cities 2011 citing “college sports, the Smoky Mountains and an entrepreneurial spirit”. In April 2008, Forbes magazine named Knoxville among the Top 10 Metropolitan Hotspots in the United States, and within Forbes’s Top 5 for Business & Careers, just behind cities like New York and Los Angeles.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2860

    License(s): TN: 307629

    Tennessee

MM Texture Background
MM Textured Background Lower