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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

605 Main St Rocky Top, TN 37769

2,500 SF 1.54 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Total area 2,500 SF
Lot 1.54 ac (67,082 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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