Take 5 Oil Change Auto
For Sale
Contact for pricing
4516 Grassy Knoll Road, Knoxville, TN 37931
Absolute NNN ground lease with a newly executed long-term lease and no landlord maintenance obligations.
Property Size1,920 SF
Price / SF$1,191
Days on Market42
Property Features for 4516 Grassy Knoll Road
General Information
Standard status
Active
Size
1,920 SF
Class
A
Total Parking Spaces
7
Property subtype
Retail
Zoning
General Business (CA)
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$143,000
Additional Details
Road Access
Yes
Building Details
Year Built
2026
Buildings
1
Tenancy
Single
Abandoned
No
Listing Agency:
SRS Real Estate Partners New York
(973) 632-1386
Listed By:
Kyle Fant · License #NY 10401281546
Source:
Crexi
Added: Jul 20
Changed: Aug 29
Last Checked: Jul 22 at 3:41AM
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 New York
Investment Insights
Based on property information with market context.
The property is a 2026-built Take 5 Oil Change auto shop at 4516 Grassy Knoll Rd in Knoxville, positioned as an outparcel to the Food City-anchored Grassy Creek Shopping Center. The leased fee interest is subject to an absolute NNN ground lease, with the tenant responsible for real estate taxes, insurance, and all premises maintenance.
The tenant recently signed a new 15-year lease that includes four additional 5-year renewal options. Contractual 10% rental increases occur every five years during the initial term and when each option begins. The site is located near Schaad Road and Oak Ridge Highway, which carry 18,900 VPD and 19,500 VPD, respectively.
Nearby residential density includes Ridgedale Townhomes with 156 units, Sunrise Ridge Apartments with 218 units, and Legacy Pointe Apartments with 252 units. The property also benefits from proximity to Grassy Creek Shopping Center, which records 1.7 million annual visits, as well as Northwest Crossing and Crown Point Plaza.
The tenant recently signed a new 15-year lease that includes four additional 5-year renewal options. Contractual 10% rental increases occur every five years during the initial term and when each option begins. The site is located near Schaad Road and Oak Ridge Highway, which carry 18,900 VPD and 19,500 VPD, respectively.
Nearby residential density includes Ridgedale Townhomes with 156 units, Sunrise Ridge Apartments with 218 units, and Legacy Pointe Apartments with 252 units. The property also benefits from proximity to Grassy Creek Shopping Center, which records 1.7 million annual visits, as well as Northwest Crossing and Crown Point Plaza.
Key Highlights
- New 15‑year lease with four additional 5‑year renewal options
- Absolute NNN ground lease; tenant handles taxes, insurance, and premises maintenance
- Scheduled 10% rental increases every five years during the primary term and at each renewal
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 37931, TN
31,358
Population
12,770
Households
2.5
Avg Household Size
38
Median Age
45%
College-Educated
94%
High-School Grad
28.4 sq mi
ZIP Area
1,104
Density / Sq Mi
$91,284
Median Household Income
$52,207
Median Earnings
$1,450
Median Rent
$317,100
Median Home Value
Market
Vacancy Rate% for Retail in Knoxville, TN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Absolute NNN ground lease with a newly executed long-term lease and no landlord maintenance obligations.
Where is this auto shop located?
The property is located at 4516 Grassy Knoll Road Knoxville, TN.
What is the asking price?
The asking price for this property is $2,288,000.
What are key features of this property?
This property features: New 15‑year lease with four additional 5‑year renewal options; Absolute NNN ground lease; tenant handles taxes, insurance, and premises maintenance; Scheduled 10% rental increases every five years during the primary term and at each renewal
