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NNN Restaurant Property
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6504 Chapman Hwy, Knoxville, TN 37920

Annual rent escalations and a tenant-funded 2017 remodel support the lease profile.

Property SizeContact for details
Days on Market142

Property Features for 6504 Chapman Hwy

General Information

Standard status Active
Property subtype Retail
Listing Agency: Westwood Net Lease Advisors LLC
Listed By: Chris Schellin · License #MO 2005017398
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 6:11PM

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 Westwood Net Lease Advisors LLC

Investment Insights

Based on property information with market context.

The property is occupied under an absolute NNN lease by a subsidiary of Tacala. The agreement has 25 years remaining through the stated expiration and includes 1.5% annual rent increases during both the base term and option periods. Lease obligations are guaranteed by Tacala Tennessee Corp., which operates 83 units.

The restaurant at 6504 Chapman Hwy in Knoxville was remodeled in 2017 at the tenant’s expense. The asset is offered as part of a larger portfolio, with additional details available through the broker.

Key Highlights

  • Absolute NNN lease with 25‑year term remaining
  • 1.5% annual rent increases during the base term and option periods
  • Lease guarantee from Tacala Tennessee Corp., operator of 83 units

Property Analytics

Current Use

Taco Bell Restaurant

Suggested Use

Top Pick Building Supply Restaurant Hair Salon Auto Parts Store Spa & Massage Center Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

170
Businesses Nearby

Demographics for 37920, TN

41,210
Population
20,180
Households
2
Avg Household Size
37
Median Age
34%
College-Educated
91%
High-School Grad
72.3 sq mi
ZIP Area
570
Density / Sq Mi
$61,348
Median Household Income
$35,591
Median Earnings
$1,092
Median Rent
$231,300
Median Home Value

Market

Vacancy Rate% for Retail in Knoxville, TN

4.6% 2019
5.5% 2020
4.5% 2021
4.3% 2022
4.2% 2023
4.2% 2024
5.1% 2025
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Frequently Asked Questions

What type of property is this?
NNN property - Annual rent escalations and a tenant-funded 2017 remodel support the lease profile.
Where is this nnn property located?
The property is located at 6504 Chapman Hwy Knoxville, TN.
What are key features of this property?
This property features: Absolute NNN lease with 25‑year term remaining; 1.5% annual rent increases during the base term and option periods; Lease guarantee from Tacala Tennessee Corp., operator of 83 units
More about this property
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