111 Chapman Triangle Way Knoxville, TN 37920
- Retail properties
- 2,365 SF
- 0.82 lot acres
Current Use by Public Records
- Retail properties
Property Details for 111 Chapman Triangle Way
- Year built
- 2019
- Lot size
- 0.82 lot acres
- Property size
- 2,365 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a 2,365 square foot Starbucks located at 111 Chapman Triangle Wy, Knoxville, TN 37920. Built in 2019, this Class A, single-tenant property sits on a 0.82-acre lot and is currently operating under a 10-year NNN lease with a credit-rated tenant, commencing February 1, 2019. The lease includes four options and features rent bumps of 7.5% every five years, ensuring consistent income growth. The asking price is $1,820,000, translating to a price per square foot of $769.56. The property boasts a single story building and is identified by APN 137 20602. This is a rare chance to acquire a stable, high-performing asset in a desirable location with a strong, nationally recognized brand. The property's excellent location and the strength of the Starbucks brand provide a compelling investment case for long-term growth and passive income. This is a corporate net leased (STNL) retail property offering significant upside potential. The property's financial performance is further enhanced by the built-in rent increases, mitigating the effects of inflation. This is an ideal opportunity for investors seeking a secure and profitable addition to their portfolio.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Knoxville
- County
- Blount
- State
- Tennessee
- Longitude
- -83.8394
- Latitude
- 35.9075
