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New Retail Construction in Knoxville

6760 Malone Creek Dr, Knoxville, TN

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For Sale

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New construction retail property with a corporately guaranteed lease.

Type:RETAIL

Property size:

10,000 SF

Lot size:

2.39 Acres

Price / SF:

$225/SF

HighLights

10‑year corporately guaranteed NNN lease structure
Part of Grassy Creek, a $45 million grocery‑anchored retail development with high customer traffic (1.2M visits/year)
Brand new construction
Ideal positioning between Food City and Big Orange Storage
Direct access from high‑traffic intersection (35,328 vehicles per day)
15 minutes from Downtown Knoxville

We can help!

Listing Contact

Alex Van Krevel

For Sale

Contact for pricing

New construction retail property with a corporately guaranteed lease.

Type:RETAIL

Property size:

10,000 SF

Lot size:

2.39 Acres

Price / SF:

$225/SF

Added:: May 9, 2024
Days on Market:: 767
Last Refresh:: May 20 at 9:30 pm

Property Features for 6760 Malone Creek Dr

General Information

Standard status: Active
Size: 10,000 SF
Lot size: 2.39 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Alex Van Krevel

Listing agent Noah Dewhirst License #SAL2023005727

Listing office Passov Real Estate Group

Listing date May 9, 2024

Source Moodyscre

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 Passov Real Estate Group

HighLights

10‑year corporately guaranteed NNN lease structure
Part of Grassy Creek, a $45 million grocery‑anchored retail development with high customer traffic (1.2M visits/year)
Brand new construction
Ideal positioning between Food City and Big Orange Storage
Direct access from high‑traffic intersection (35,328 vehicles per day)
15 minutes from Downtown Knoxville

Overview

This is a brand new construction retail property with a NNN lease structure and a 10-year corporately guaranteed lease. It is part of Grassy Creek, a $45 million, 30-acre grocery-anchored retail development completed in 2021, averaging 1.2 million customer visits per year. The property is ideally positioned between a 57,000 square foot Food City grocery anchor and a Big Orange Storage facility with over 700 units, and directly across from a Pure Magic Carwash, which receives 312,000 customer visits per year. The property has direct access from the intersection of Oak Ridge Highway and Schaad Rd, which combines for 35,328 vehicles per day. It is located 15 minutes from Downtown Knoxville.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$216.0k	$21.60
− Vacancy	−$10.8k	−$1.08
EGI	$205.2k	$20.52
− OpEx	−$61.6k	−$6.16
NOI	$143.6k	$14.36

10,000 SF · lease $21.60/SF/yr · vacancy 5.00% · expense 30.00%

Alternative Uses

Best Use

Retail

$2.05M

$1.80M – $2.39M (±1% cap)

NOI $143,640 @ 7.0% cap · market cap 6.37%

Second Best

—

no second resolved use

Theoretical Best

Office A

$2.48M

$2.17M – $2.89M (±1% cap)

NOI $173,376 @ 7.0% cap · market cap 7.69%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Storefront properties

Suggested Use

Location Insight

Map
Local Demand

City: Knoxville
County: Knox
State: Tennessee
Longitude: -83.9195
Latitude: 35.9605

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For sale
Storefront properties
TN
Knoxville
6760 Malone Creek Dr

What type of property is this?

Storefront property - New construction retail property with a corporately guaranteed lease.

Where is this storefront property located?

The property is located at 6760 Malone Creek Dr Knoxville, TN.

What is the asking price?

The asking price for this property is $2,253,632.

What are key features of this property?

This property features: 10‑year corporately guaranteed NNN lease structure; Part of Grassy Creek, a $45 million grocery‑anchored retail development with high customer traffic (1.2M visits/year); Brand new construction

6760 Malone Creek Dr, Knoxville, TN

New construction retail property with a corporately guaranteed lease.

Property Features for 6760 Malone Creek Dr

General Information

We can help!

HighLights

Overview

Local Financial Insights For Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Turnkey Short-Term Rental Duplex

Transmission Repair Auto Shop

Five-Unit Multifamily Investment Opportunity

Two-Story Commercial Redevelopment Building

Fully Leased 4-Plex Income Property

Fully Leased Four-Plex Investment

Charming Historic Fourth & Gill 4-Plex

Duplex with Separate Driveways

Two Multifamily Buildings on One Lot

Three-Unit Residential Income Property

Hardee's NNN Lease Investment

Knoxville Multifamily Investment Opportunity

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