3100 Mall NE Rd Knoxville, TN 37917-2100

This exceptional investment opportunity presents a 142,092 square foot, single-tenant shopping center in Knoxville, Tennessee, fully occupied by Lowe's. The property, located at 3100 S Mall Rd, Knoxville, TN 37917, boasts a strong 12.7-year remaining lease term with eight 5-year options, ensuring long-term stability. Built in 2002, this fee-simple asset sits on a 13.9-acre lot and is zoned C-Commercial/Big Box Store. The property benefits from high visibility and traffic counts (69,368 AADT) due to its location near I-640, Mall Road South, and Millertown Pike. The triple-net (NNN) lease structure shifts most operating expenses to the tenant, minimizing landlord responsibilities. With a current NOI of $1,349,266 and an asking price of $24,533,000, this presents a compelling 5.50% cap rate. The surrounding area demonstrates strong demographics, with over 41,018 residents within a 3-mile radius and an average household income exceeding $79,809. This Lowe's location is part of a larger retail development, further enhancing its appeal and drawing significant customer traffic. The property's financial performance, coupled with the long-term lease and prime location, makes it an attractive investment for discerning buyers. The property's APN is 059LG-009.