Dunkin’ Donuts: Knoxville, TN
New 15-year Absolute NNN lease
The subject property is a quick-service restaurant building with a wrap-around drive-through that will operate under a new 15-year absolute net lease (which will commence upon the close of escrow) with no landlord management or maintenance responsibilities whatsoever.
8% rent increases every 5-years
The lease offers landlord-friendly and scheduled rent escalations of 8% every 5-years during the primary term and at each of the four, 5-year renewal option periods.
Direct street frontage & high traffic counts (39,568 VPD)
The property has direct street frontage and there are excellent average daily traffic counts of 39,056 vehicles per day on Asheville Highway.
4-way signalized hard corner location
The subject property benefits from excellent access and visibility at the 4-way signalized intersection of Asheville Highway and E Governor John Sevier Highway.
New modern building design with 2-lane drive-thru
The building features the one of the latest Dunkin’ prototype designs with a large, two-lane wrap-around drive-through.
“Commuter side” of the highway | 7-miles to downtown
Over 57,107 people reside within a 5-mile radius of the subject property. Average household income levels within a 5-mile radius exceed $61,000. The subject property is within close proximity to downtown Knoxville (approximately seven miles) and surrounded by a mix of national retailers, regional tenants, and local tenants.
Experienced franchisee with 82 locations
Bluemont Group, LLC (est. 2008), currently operates 75 traditional and 7 non-traditional Dunkin’ locations (stadiums, convention centers, and airports). Recognized as the “National Developer of the Year” (2018) and “National Philanthropist of the Year” (2021). The company also owns and operates the BMG Bakery, a 180-employee operation that provides proprietary baked goods to retail outlets throughout Tennessee, Alabama, and Georgia, which distributes 1 million donuts weekly to approximately 200 Dunkin’ Donuts locations in the Southeastern region of the U.S.
TN Broker of Record: Jody McKibben
License: 307629
