Building Details:
• Year Built: 1986
First Commercial Real Estate is pleased to present the freestanding Burger King located at 319 Merchant Drive in Knoxville, TN. Situated at the I-75/Merhant Dr.interchange with a daily traffic count of 86,826 (I-75), Burger King is in an area with multiple restaurants and hotels including O'Charley's, Starbucks, El Chico's, Wok Hay, Hooter's and Red Lobster.
Burger King occupies a 3440 square foot building on 1.2 acres and operates under a third 5 year renewal, absolute NNN lease with no landlord responsibilities. The same franchisee has owned/operated the business since the lease commencement in 1986. There are three additional five year renewal options remaining.With option exercise, current rent will increase to $86K in November 2011. Billboard on property does not convey.
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