3200 NW Park Dr, Knoxville, TN for sale

Investment Overview

Lee & Associates is pleased to present the opportunity to acquire a 15,000 SF industrial investment in Knoxville, TN, occupied by a high-credit tenant on an in-place lease through June 2027, with a three-year renewal option carrying 3% annual escalations. Positioned on a 2.44-acre site, the property offers a functional mix of 2,800 SF of finished office space and clear-span warehouse with 18' ceiling heights and 16' eave heights. The building is served by 3-phase power, two drive-in doors, and one dock-high door, with HVAC and LED lighting upgrades completed within the last five years. The offering presents a combination of in-place income and near-term upside. The current lease is structured on a gross basis; market rents in the submarket support conversion to a NNN structure with a new lease, with the ability to hold or grow the base rate while transferring operating expense risk to the tenant.

Investment Highlights

• Single Tenant Industrial Investment | Knoxville, TN
• 15,000 SF with 2 drive in doors and 1 dock door
• 2,800 SF Office
• 3-phase power, 5-year-old HVAC, and LED lighting
• Expansion potential on a 2.44 acre lot