NNN Retail Building
For Sale
Contact for pricing
Pending
2045 E Magnolia Ave, Knoxville, TN 37917
Absolute triple-net structure offered with a new 20-year lease term commencing at close of escrow.
Property Size6,006 SF
Lot Size0.67 Acres
Days on Market132
Property Features for 2045 E Magnolia Ave
General Information
Standard status
Pending
Size
6,006 SF
Lot size
0.67 Acres
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 11
Changed: Aug 12
Last Checked: Aug 20 at 12:03PM
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 SURMOUNT
Investment Insights
Based on property information with market context.
The offering is for an R T Clapp retail building subject to a 20-year absolute triple-net (NNN) lease, to commence upon the close of escrow. The site includes approximately 6,006 rentable square feet on an estimated 0.67-acre parcel of land.
The property is located at 2045 E Magnolia Ave in Knoxville, Tennessee. The lease features annual rent of $150,000 with scheduled 2.00% increases annually throughout the base term and each of four five-year renewal options.
This is a true NNN structure designed for long-term, fixed lease cash flow under the absolute triple-net framework.
The property is located at 2045 E Magnolia Ave in Knoxville, Tennessee. The lease features annual rent of $150,000 with scheduled 2.00% increases annually throughout the base term and each of four five-year renewal options.
This is a true NNN structure designed for long-term, fixed lease cash flow under the absolute triple-net framework.
Key Highlights
- ~6,006 rentable SF building on an estimated 0.67‑acre parcel at 2045 E Magnolia, Knoxville, TN
- 20‑year absolute triple‑net (NNN) lease to commence upon close of escrow
- $150,000 annual rent with 2% annual increases throughout the base term
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
672
Businesses Nearby
Explore this area
Business Placement
Demographics for 37917, TN
25,013
Population
14,216
Households
1.8
Avg Household Size
39
Median Age
31%
College-Educated
87%
High-School Grad
9.5 sq mi
ZIP Area
2,633
Density / Sq Mi
$51,232
Median Household Income
$37,853
Median Earnings
$1,063
Median Rent
$189,100
Median Home Value
Market
Vacancy Rate% for Retail in Knoxville, TN
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Frequently Asked Questions
What type of property is this?
NNN property - Absolute triple-net structure offered with a new 20-year lease term commencing at close of escrow.
Where is this nnn property located?
The property is located at 2045 E Magnolia Ave Knoxville, TN.
What are key features of this property?
This property features: ~6,006 rentable SF building on an estimated 0.67‑acre parcel at 2045 E Magnolia, Knoxville, TN; 20‑year absolute triple‑net (NNN) lease to commence upon close of escrow; $150,000 annual rent with 2% annual increases throughout the base term
