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2456 E Magnolia Ave
Knoxville, TN 37917

KFC | 20yr Abs NNN | DriveThru · Retail Property For Sale

Investment Highlights

  • Brand New 20-Year Sale Leaseback | Personal & Franchisee Guaranty | Rental Increases
  • Signalized, Hard Corner Intersection | Interstate 40 (91,500 Vpd) | Large Pylon Sign | Drive-Thru Equipped
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Primary Retail Corridor | Strong University Student Customer Base

PROPERTY FACTS

Property Type
Retail
Property Subtype
Fast Food
Building Size
6,891 SF
Building Class
C
Year Built
1960
Tenancy
Single
Number of Floors
1
Building FAR
0.23
Lot Size
0.70 AC
Zoning
C-G-1 - General Commercial District
Parking
25 Spaces
Frontage
124 ft on Chestnut St

Amenities

  • Corner Lot
  • Freeway Visibility
  • Pylon Sign
  • Restaurant
  • Signalised Intersection
  • Drive Thru

About 2456 E Magnolia Ave , Knoxville, TN 37917

Kentucky Fried Chicken is strategically located at the signalized, hard corner intersection of North Chestnut Street and East Magnolia Avenue, averaging 22,800 combined vehicles passing by daily. The property is located less than 1 mile south of Interstate 40 (91,500 VPD), a major east/west thoroughfare for the state of Tennessee. The asset has excellent visibility due to its large pylon sign. The building is equipped with a drive-thru lane, providing ease and convenience for consumers. On average, stores with drive-thrus experience higher sales than those without. Kentucky Fried Chicken is ideally positioned in a primary retail corridor, with nearby national/credit tenants including Advance Auto Parts, Dollar Tree, Family Dollar, Fresenius Kidney Care, DaVita Dialysis, and more, promoting crossover traffic. Additionally, the site is within close to proximity to the University of Tennessee (28,321 students enrolled) and Pellissippi State (11,571 students enrolled), providing a strong customer base to draw from. The 5-mile trade area is supported by a population of more than 27,000 residents with an average household income of $52,970.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
082JM-010
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£232,549
  • Listing ID: 16254143

  • Date on Market: 05/06/2019

  • Last Updated:

  • Address: 2456 E Magnolia Ave, Knoxville, TN 37917

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