605 Main St Rocky Top, TN 37769
This exceptional turnkey restaurant opportunity is located at 605 N Main St, Rocky Top, TN 37769, within the Knoxville Metropolitan Statistical Area. The 2,500 square foot property sits on a 1.54-acre lot and benefits from a highly visible location directly off Highway 75, experiencing over 130,000 vehicles per day. The property is zoned C and features a drive-thru window with sixteen car hop bays (two rows of eight). The building is in excellent condition, fully equipped, and up to code. This former Sonic Drive-In restaurant offers a long-term lease with renewal options, and includes all furniture, fixtures, and equipment for $150,000. The monthly rent is $8,000, and the annual real estate insurance is $7,500. The property is anchored by a Valero gas station (formerly Marathon) and presents a unique opportunity to operate a successful restaurant, either as a Sonic franchise or by converting it to another concept. The asking price represents a significant savings compared to the cost of new construction. This is a rare chance to acquire a well-established, profitable business in a high-traffic area. The property's strategic location and turnkey nature make it an ideal investment for experienced restaurateurs or those seeking a low-risk entry into the food service industry.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.