5604 Merchants Ctr Blvd Knoxville, TN 37912-3479
This exceptional restaurant opportunity is located at 5604 Merchants Center Blvd, Knoxville, TN 37912, directly off I-75. The property is a single-tenant, Class B storefront previously occupied by an IHOP restaurant. The space benefits from significant interstate signage, ensuring high visibility and accessibility for potential customers. The building offers a ready-made layout suitable for a variety of restaurant concepts, eliminating the need for extensive renovations. The property's location provides easy access for both local residents and travelers along I-75. The ground rent is $100,000 per year. While the previous tenant, IHOP, is vacating in 2025, this presents a unique chance to establish a thriving restaurant business in a high-traffic area with established brand recognition. The property's features and location make it an ideal investment for experienced restaurateurs seeking a turnkey operation or entrepreneurs looking to launch a new concept. The property's coordinates are 36.00961210895275 latitude and -83.97397788353014 longitude. This is a retail and restaurant space with excellent visibility and potential.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.