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    Memphis, TN Crossville, TN Pigeon Forge, TN

    Gray, TN Drive Through Restaurants for Sale

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    NNN Lease Investment Opportunity
    $2,661,905
    3,120 SF

    NNN Lease Investment Opportunity

    3201 Peoples St, Johnson City, TN 37604

    Long-term NNN lease with structured rental increases in high-traffic area.

    • Absolute NNN Lease providing passive ownership with 24+ years of remaining term extending through December 31, 2050, ensuring long‑term income stability.
    • Structured rental increases of 7.5% every five years throughout the initial term and all four 5‑year renewal options, guaranteeing consistent income growth.
    • Attractive in‑place yield at a 5.25% cap rate on $139,750 NOI, with contractual rent escalations driving yield above 7% during the initial term.
    • High‑traffic retail corridor location just off I‑26 / U.S. Route 23, benefiting from over 184,000 combined vehicles per day.
    • Prime retail location near The Mall at Johnson City, East Tennessee State University, and Johnson City Medical Center, surrounded by strong retail, education, and healthcare drivers.
    Updated: Mar 10
    View details
    Based on your search, we've compiled 16 Potential Opportunities for your consideration. Besides 1 Active listings in Gray, TN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 7 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Explore Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    New Restaurant with Drive-Thru
    $3,348,920

    New Restaurant with Drive-Thru

    New single-tenant restaurant with drive-thru for sale.

    6819 Maynardville Pike, Knoxville, TN 37918
    View details
    Prime Location Investment Opportunity
    $477,777
    866 SF

    Prime Location Investment Opportunity

    B3 zoned property near future Hard Rock Casino.

    285 Gate City Highway, Bristol, VA 24201
    View details
    Restaurant Opportunity Near Amazon Center
    $1,620,000
    3,094 SF

    Restaurant Opportunity Near Amazon Center

    Freestanding restaurant with drive-thru near new Amazon fulfillment center.

    2904 Knoxville Center Dr, Knoxville, TN 37924
    View details
    High Visibility Corner For Sale
    $2,750,000
    2.26 Acres

    High Visibility Corner For Sale

    Corner property with high traffic counts, ideal for QSR.

    1775 Old Airport Rd, Bristol, VA
    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Land on Boones Creek
    $1,265,000
    1.33 Acres

    Commercial Land on Boones Creek

    1.33 acres of commercial land ideal for retail.

    Boones Creek Road, Johnson City, TN 37615
    View details
    Commercial Land Near Bristol Speedway
    $100,000
    0.70 Acres

    Commercial Land Near Bristol Speedway

    0.7 acres of commercial land with road frontage.

    Volunteer Parkway, Bristol, TN 37620
    View details
    Restaurant Site on 2.75 Acres
    $1,799,900
    2.75 Acres

    Restaurant Site on 2.75 Acres

    2.75-acre restaurant site near I-40, ready for business.

    309 Enola Road, Morganton, NC 28655
    View details
    Prime Commercial Land in Sevierville
    $9,999,000
    56.08 Acres

    Prime Commercial Land in Sevierville

    56.08 acres with high traffic, endless possibilities.

    ____ WINFIELD DUNN PKWY MOUNT RD, Sevierville, TN 37764
    View details

    Explore Off-Market Properties in Gray, TN

    Consider similar Off-Market properties in Gray, TN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1106 Spratlin Park Dr

    1106 Spratlin Park Dr

    DRIVE-THRU RESTAURANT, FAST FOOD • 2,555 SF
    Value Estimation by Request
    1106 Spratlin Park Dr, Gray, TN 37615-3199
    View details
    5029 Bobby Hicks Hwy

    5029 Bobby Hicks Hwy

    DRIVE-THRU RESTAURANT, FAST FOOD • 3,567 SF
    Value Estimation
    $2,490,000
    5029 Bobby Hicks Hwy, Gray, TN 37615-6209
    View details
    4707 Roan St

    4707 Roan St

    DRIVE-THRU RESTAURANT, FAST FOOD • 4,878 SF
    Value Estimation
    $1,170,000
    4707 Roan St, Gray, TN 37615-3880
    View details
    165 Old Gray Sta Rd

    165 Old Gray Sta Rd

    DRIVE-THRU RESTAURANT, FAST FOOD • 3,378 SF
    Value Estimation by Request
    165 Old Gray Sta Rd, Gray, TN 37615-3470
    View details
    5016 Bobby Hicks Hwy

    5016 Bobby Hicks Hwy

    DRIVE-THRU RESTAURANT, FAST FOOD • 4,622 SF
    Value Estimation by Request
    5016 Bobby Hicks Hwy, Gray, TN 37615-6206
    View details
    257 Old Gray Sta Rd

    257 Old Gray Sta Rd

    DRIVE-THRU RESTAURANT, FAST FOOD • 1,539 SF
    Value Estimation by Request
    257 Old Gray Sta Rd, Gray, TN 37615-3532
    View details
    5201 Bobby Hicks Hwy

    5201 Bobby Hicks Hwy

    DRIVE-THRU RESTAURANT, FAST FOOD • 2,312 SF
    Value Estimation by Request
    5201 Bobby Hicks Hwy, Gray, TN 37615-3193
    View details

    Gray, TN Drive Through Restaurants Investment Opportunities Market Analysis

    Explore 8 drive through restaurants for sale in Gray, TN on our real estate platform. These investment opportunities span a total of 8,743,799 square feet of properties for sale, with an estimated market value of $4,940,000.

    Sale prices for drive-thru businesses in Gray, TN start at $195,000, averaging $823,333, and reaching up to $1,985,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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