Technical
Financial
Distress signals
Property profile

5604 Merchants Center Blvd Knoxville, TN 37912

FOR SALE
Turn key restaurants
Property ID
US80-0196259
5,025 SF 1.58 ac lot Built 1984
Entity Owned Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1984
Construction LIGHT FRAME
Total area 5,025 SF
Lot 1.58 ac (68,825 SF)
APN 068KC001
UPID US80-0196259

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Courier Service Postal Service
  • Restaurant

Location

5604 Merchants Center Blvd Knoxville, TN 37912
Knoxville metro Census 4800 KNOXVILLE, TN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.72M
Blend (final) Blend
$1.72M

Owner & transaction history

since 2025
Last sale
$1.3M
3 recorded transactions
2025
$1.3M
2000
$1.4M
1998
$1.1M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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