The Markman's Building — Sale in Knoxville, TN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Knoxville, TN 37917
  • Year built: 2003

Photos

The Markman's Building — Sale in Knoxville, TN, photo 1 of 2
The Markman's Building — Sale in Knoxville, TN, photo 2 of 2

Investment Figures

Cap rate
7.43%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the opportunity to acquire a fee simple interest in The Markman Building, a 9,229 SF Lowe’s Shadow Anchored strip center situated on a 1.21 acre parcel in the rapidly growing city of Knoxville, TN. The property is ideally located just 6 miles northeast of downtown Knoxville in the Lowe’s anchored Isaiah’s Landing Shopping Center. The Markman Building is strategically positioned directly in front of Lowe’s offering excellent visibility from I-640 (73,000 VPD). Isaiah’s Landing is also home to a strong lineup of national retailers including Cracker Barrel, Wendy’s, Sonic, Domino’s, Walgreens Pharmacy, Home Federal Bank, O’Charley’s and is adjacent The East Town Crossing anchored by The Home Depot. The property is fully stabilized with a diverse mix of interest-resistant retailers, majority of which are medical or physical care-based tenants. All tenants are set up on a triple-net lease structure, reimbursing their pro rata share of common area maintenance, real estate taxes, and insurance expenses. The immediate trade area has experienced robust population & job growth in recent years, supported by significant residential and commercial development. Notably The Emerald Knoxville, a 160 Luxury apartment community completed in 2025 directly next to the subject property. Amazon recently opened a new distribution center across I-640, bringing new jobs and improving daytime traffic in the area. Investment Highlights: • Outparcel to a Highly Successful Lowe's Home Improvement within The Isaiah's Landing Shopping Center • 100% Occupied a Diverse, Internet-Resistant Tenant Roster • All Leases are on a Triple-Net (NNN) Lease Structure • Significant Growth in the Immediate Area- Numerous Housing Developments Recently Constructed

Market Context

This retail in Knoxville, TN is listed for sale. It is offered at an approximate 7.4% capitalization rate, a key benchmark for income-producing retail assets. The building dates to 2003. Compare it against other retail listings for sale in Knoxville, TN — view the full market.

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