2045 E Magnolia Ave Knoxville, TN 37917

Listing agency SURMOUNT g***@nnnpro.com Show Phone

Listed by Glen Kunofsky · License #NY 49KU1129178

Source Crexi

Added: Apr 11 Updated: Jul 20 at 9:31PM Checked: Jul 20 at 9:31PM

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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.

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

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FAQs

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