For Sale
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Property summary
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
VerifiedCap rate & NOI
Current use
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Restaurant
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Courier Service Postal Service
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Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Knoxville market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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