KFC Drive-Through NNN
For Sale
Contact for pricing
2456 E Magnolia Ave, Knoxville, TN 37917
Absolute NNN, personally guaranteed KFC drive-thru at a signalized corner intersection with a 20-year sale leaseback.
Property SizeContact for details
Days on Market149
Property Features for 2456 E Magnolia Ave
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Traffic Count
22,800 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Newport Beach
Listed By:
Patrick R. Luther, CCIM · License #01912215
(480) 221-4221
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 23 at 5:08AM
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 SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This property offers fee simple ownership of an absolute NNN, drive-thru-equipped Kentucky Fried Chicken. The building is configured with a drive-thru lane and features visibility from a large pylon sign. The lease is structured as a brand new 20-year sale leaseback upon close of escrow, with four additional five-year option periods.
The location is described as a signalized, hard corner intersection of North Chestnut Street and East Magnolia Avenue in Knoxville, Tennessee, averaging 22,800 combined vehicles passing by daily. The property is also stated to be less than 1 mile south of Interstate 40, a major east/west thoroughfare for the state.
The tenant is East Tennessee Foods, LLC (a 10-unit entity). The lease is franchisee guaranteed for the entire lease term, and the operator provides a personal guarantee for the first five years. The remarks also state that the lease includes 8% rental increases every five years throughout the initial term and at the start of each option period.
The location is described as a signalized, hard corner intersection of North Chestnut Street and East Magnolia Avenue in Knoxville, Tennessee, averaging 22,800 combined vehicles passing by daily. The property is also stated to be less than 1 mile south of Interstate 40, a major east/west thoroughfare for the state.
The tenant is East Tennessee Foods, LLC (a 10-unit entity). The lease is franchisee guaranteed for the entire lease term, and the operator provides a personal guarantee for the first five years. The remarks also state that the lease includes 8% rental increases every five years throughout the initial term and at the start of each option period.
Key Highlights
- Fee simple ownership of an absolute NNN leased KFC with zero landlord responsibilities and personal/operator guarantees
- Brand new 20‑year sale leaseback to East Tennessee Foods, LLC with 4 (5‑year) option periods
- Lease includes 8% rental increases every 5 years throughout the initial term and at the start of each option period
Property Analytics
Property Profile
Current Use
Lease Details
22,800 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
526
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?
Drive through restaurant - Absolute NNN, personally guaranteed KFC drive-thru at a signalized corner intersection with a 20-year sale leaseback.
Where is this drive through restaurant located?
The property is located at 2456 E Magnolia Ave Knoxville, TN.
What are key features of this property?
This property features: Fee simple ownership of an absolute NNN leased KFC with zero landlord responsibilities and personal/operator guarantees; Brand new 20‑year sale leaseback to East Tennessee Foods, LLC with 4 (5‑year) option periods; Lease includes 8% rental increases every 5 years throughout the initial term and at the start of each option period
