Established Retail Building For
7804 Montvue Center Way Knoxville, TN 37919
7804 Montvue Center Way, Knoxville, TN, 37919
$3,118,000
For Sale
$3,118,000
Retail building with established tenants, Anytime Fitness and Big Kahuna.
Property Size10,800 SF
Price / SF$288.70
Days on Market111
Property Features for 7804 Montvue Center Way
General Information
- Standard status
- Active
- Size
- 10,800 SF
- Property subtype
- Shopping Strip
Building Details
- Year Built
- 1972
Listing agency
Fort Lauderdale Office
(954) 245-3446
Listed by
David E. Gant · License #FL: SL 671779, NC: LC153
(954) 245-3446
Source
Marcusmillichap
Added: Apr 3 Updated: Jul 10 at 3:56PM Checked: Jul 21 at 3:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fort Lauderdale Office
Investment Insights
Based on property information with market context.
This well-located and attractive building is available for sale and currently houses two established NNN tenants: Anytime Fitness and Big Kahuna Wings. The property is suitable for commercial real estate, including retail, strip malls, fitness centers and gyms, sports and entertainment venues, and restaurants. The building has a total size of 10800 square feet.
Key Highlights
- Two established NNN tenants offer a stable investment.
- Attractive building.
- Anytime Fitness is a tenant.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $233.3k | $21.60 |
| − Vacancy | −$11.7k | −$1.08 |
| EGI | $221.6k | $20.52 |
| − OpEx | −$66.5k | −$6.16 |
| NOI | $155.1k | $14.36 |
10,800 SF · lease $21.60/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.22M
$1.94M – $2.59M
NOI $155,131 @ 7.0% cap · market cap 4.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.67M
$2.34M – $3.12M
NOI $187,246 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Big Kahuna Wings ...
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - Retail building with established tenants, Anytime Fitness and Big Kahuna.
Where is this strip mall located?
The property is located at 7804 Montvue Center Way Knoxville, TN.
What is the asking price?
The asking price for this property is $3,118,000.
What are key features of this property?
This property features: Two established NNN tenants offer a stable investment.; Attractive building.; Anytime Fitness is a tenant.
