1819 Ailor Ave Knoxville, TN 37921-5845

This fee-simple medical office building in Knoxville, TN, offers a compelling investment opportunity. The property, built in 1985, encompasses 3,300 square feet on a 0.24-acre lot and is currently 100% occupied by Veterinary Innovative Partners under an absolute NNN lease with a corporate guarantee. The lease, commenced February 2, 2022, has a remaining term of 7.3 years, extending to February 27, 2032, with a single 5-year option featuring 2% annual rent bumps. The property generates a $30,000 annual net operating income (NOI), representing a 6.00% capitalization rate and a price per square foot of $151.52. Located at 1819 Ailor Ave, Knoxville, TN 37921, this asset benefits from its location near the University of Tennessee and the inherent resilience of the veterinary services market, projected for continued growth. The property's strong tenant, a leading player in pet healthcare, ensures stable income and potential appreciation. The absolute NNN lease structure minimizes landlord responsibilities, making this a low-maintenance investment. This offering presents a bite-sized price point with below-market rent, situated in a tax-free state.