804 Us-321Lenoir City, TN 37771

This exceptional investment opportunity presents the Tellico Retail Center, a 7,058 square-foot multi-tenant shopping center in Lenoir City, Tennessee. Located at 804 US-321, this property boasts a prime location in a high-traffic area, with nearly 30,000 vehicles passing daily on US-321 and easy access to I-75 (50,000+ VPD). The center features four units, currently 100% occupied with NNN leases, minimizing landlord responsibilities and maximizing passive income. The asking price is $1,853,000, representing an attractive 8.40% cap rate and a net operating income (NOI) of $155,599. Built in 1983 and renovated in 2020 (including roof and parking lot improvements), the 0.78-acre property benefits from its proximity to major retailers such as Tractor Supply, Home Depot, Walmart, and more, as well as a new multi-family development adding to the area's growth. The center's tenants include a TitleMax location with a recently exercised option, showcasing the strong tenant demand. This property offers a unique opportunity to acquire a well-maintained, high-performing retail center in a rapidly growing area of the Knoxville MSA, known for its strong average household income ($94,215 within a 5-mile radius) and low vacancy rates (approximately 3%). Rent bumps are included in the lease agreements.