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    7804 Montvue Center Way Knoxville, TN 37919

    Sponsored
    For Sale
    $3,300,000

    High-Yield Retail Property in Knoxville, TN

    Property size:
    10,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents two fully leased retail spaces totaling 10,800 square feet within the bustling Montvue Center in Knoxville, Tennessee. Situated on a 0.59-acre lot at 7804 & 7808 Montvue Center Way (APN: 120JB00802), this property boasts excellent visibility on Montvue Road, enjoying a prime location on the west side of West Town Mall. The property consists of two single-story buildings, originally constructed in 1972 and extensively renovated in 2018, ensuring modern functionality and appeal. Currently operating with a stable tenant mix, this investment offers a compelling 6.00% capitalization rate, with an asking price of $3,300,000 ($305.56 per square foot). The property's strong performance and desirable location make it an attractive prospect for discerning investors. An added benefit is the option to acquire the established Big Kahuna Wings franchise located at 7804 Montvue Center Way. This turnkey opportunity provides immediate cash flow and potential for future growth within a thriving commercial center. The property's solid history, coupled with its strategic location and current occupancy, positions it for continued success and strong returns. This is a rare chance to secure a high-performing retail asset in a desirable Knoxville market.

    Property Features for 7804 Montvue Center Way

    General Information

    Property type
    Lifestyle centers
    Square Feet
    10,800 SF
    Lot Size
    25,700 SF

    Building Details

    Year Built/Renovated
    1972/2018
    Buildings
    2
    Stories
    1

    HighLights

    • Two fully leased retail spaces totaling 10,800 square feet in Knoxville, TN's Montvue Center.
    • Located on a 0.59‑acre lot at 7804 & 7808 Montvue Center Way (APN: 120JB00802), with excellent visibility on Montvue Road, near West Town Mall.
    • Two single‑story buildings, renovated in 2018, offering modern functionality.
    • Currently boasts a 6.00% capitalization rate and an asking price of $3,300,000 ($305.56/SF).
    • Optional acquisition of the established Big Kahuna Wings franchise at 7804 Montvue Center Way.
    Property Profile Location Intelligence

    Current Use by Public Records

    Big Kahuna Wings ... Chicken Wings Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -84.0423048
    Latitude
    35.9251762

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    FAQs

    What type of property is this?
    Lifestyle center - High-Yield Retail Property in Knoxville, TN
    Where is this lifestyle center located?
    The property is located at 7804 Montvue Center Way Knoxville, TN.
    What is the asking price?
    The asking price for this property is $3,300,000.
    What are key features of this property?
    This property features: Two fully leased retail spaces totaling 10,800 square feet in Knoxville, TN's Montvue Center.; Located on a 0.59-acre lot at 7804 & 7808 Montvue Center Way (APN: 120JB00802), with excellent visibility on Montvue Road, near West Town Mall.; Two single-story buildings, renovated in 2018, offering modern functionality.
    Request Owner's contact information
    7804 Montvue Center Way Knoxville, TN 37919
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    Knoxville, TN 37919
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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
    7804 Montvue Center Way Knoxville, TN 37919
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