• 125 Chapman Triangle Way, Knoxville, TN 37918

For Sale

Retail

For Sale

This property is available for sale
0.19
Acres
Negotiable
Sale Price
  • Overview

    Sales Price: $3,250,000
    Cap Rate: 5.75%
    Guarantor: Corporate
    Term Remaining: 15 years
    Rate Increases: 5% x 5 years


    Almost a year-long assignment due to COVID-related delays, our clients ultimately satisfied their 1031 exchange from the sale of their Oakland apartment building with the acquisition of two (2) net lease assets. This allowed for geographic diversification across two (2) of the most popular industry profiles: food and auto. Furthermore, our clients avoided the fluctuation in their apartment rent roll brought on by COVID by securing a steady and reliable income stream that doesn’t require active hands-on management.


    "It’s a testament to the professionalism on both of the Colliers teams we worked with that despite the craziness of 2020 and all the ups and downs, this has been a positive experience for us." - Chris

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Property Details

Tire Discounters - Knoxville, Tennessee

Sales Price: $3,250,000
Cap Rate: 5.75%
Guarantor: Corporate
Term Remaining: 15 years
Rate Increases: 5% x 5 years


Almost a year-long assignment due to COVID-related delays, our clients ultimately satisfied their 1031 exchange from the sale of their Oakland apartment building with the acquisition of two (2) net lease assets. This allowed for geographic diversification across two (2) of the most popular industry profiles: food and auto. Furthermore, our clients avoided the fluctuation in their apartment rent roll brought on by COVID by securing a steady and reliable income stream that doesn’t require active hands-on management.


"It’s a testament to the professionalism on both of the Colliers teams we worked with that despite the craziness of 2020 and all the ups and downs, this has been a positive experience for us." - Chris

  • Property Type
    Retail
  • Submarket
  • Total Acres
    0.19
  • Last updated
    Jan 08, 2021
  • Property ID
    2181200

Landlord's Sales Representatives

  • Kourosh Bakhtvar
    Colliers | San Francisco
     
  • Mehdi Star
    Colliers | San Francisco