2815 Broadway St Knoxville, TN 37917-3808

This exceptional investment opportunity presents a single-tenant, absolute NNN leased Quick Service Restaurant (QSR) located at 2815 N Broadway, Knoxville, Tennessee 37917. The property, featuring The Krystal Company as the tenant, boasts a 2,652 square foot building on a 1.12-acre lot, situated in a high-traffic area with approximately 30,000 cars daily. The building, constructed in 1976 and renovated in 2019, includes a drive-thru and is zoned C-G-2. The current lease, commenced March 1, 2019, has a remaining term of 9.3 years, expiring March 14, 2034, with 6 x 5-year lease options. The lease is an absolute NNN (Triple Net) lease with a franchisee tenant and includes 1% annual rent bumps. The property offers a 5.80% cap rate and a strong Net Operating Income (NOI) of $92,727. This represents a compelling investment opportunity in a thriving Knoxville market, offering long-term stability and attractive returns for investors seeking established assets. The property's location on a signalized corner further enhances its visibility and accessibility. The property's parcel numbers are 081DB018 and 081DB017.