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    609 Campbell Station Rd Knoxville, TN 37934

    For Sale
    $3,000,000

    High-yield QSR investment, 10-year lease.

    Property size:
    3,795 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a 3,795 square foot Hardee's restaurant located at 609 N Campbell Station Rd, Knoxville, TN 37934. The property sits on a 1.74-acre lot and boasts a strong 10-year absolute NNN corporate lease with a national credit tenant, guaranteeing consistent income. The property features a 5.00% cap rate and a $150,000 annual net operating income (NOI). Built in 2000, this Class B retail building enjoys 100% occupancy and is situated in a high-traffic area with excellent visibility along a major roadway, experiencing 27,000 cars per day. The location is within a dominant retail trade area serving a highly desirable demographic in the affluent Farragut community, west of Knoxville, known for its high median household income and home values. The property's zoning is commercial, and the asking price is $3,000,000, translating to $790.51 per square foot. This is a rare opportunity to acquire a stable, high-performing investment with significant long-term potential. The property's location, tenant strength, and lease terms make it an attractive addition to any institutional investment portfolio. The property is not located within city limits. The parcel number is 142 10201.

    Property Features for 609 Campbell Station Rd

    General Information

    Property type
    Restaurants
    Square Feet
    3,795 SF
    Class
    B
    Lot Size
    75,794 SF

    Building Details

    Year Built
    2000
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Absolute NNN lease with 10‑year corporate guarantee.
    • Located outside city limits.
    • High‑traffic main arterial road with 27,000 cars per day (afternoon peak).
    • Strong retail trade area.
    • Competitively priced.
    • Excellent visibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hardee's Fast Food Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -84.17452838
    Latitude
    35.89480259

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    FAQs

    What type of property is this?
    Restaurant - High-yield QSR investment, 10-year lease.
    Where is this restaurant located?
    The property is located at 609 Campbell Station Rd Knoxville, TN.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: Absolute NNN lease with 10-year corporate guarantee.; Located outside city limits.; High-traffic main arterial road with 27,000 cars per day (afternoon peak).
    (865) 777-3030
    Request Owner's contact information
    609 Campbell Station Rd Knoxville, TN 37934
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    Knoxville, TN 37934
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    609 Campbell Station Rd Knoxville, TN 37934
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