Firehouse Subs-128 Buckingham Dr (At Kingston Pike), Knoxville

Property Type: NNN
Sale Date 5/12/2021
Price: $948,000
Year Built: 2008

This property was built-to-suit in 2008 for a Firehouse Subs franchisee. Steve Goldman was involved in the sale of this Absolute Net Leased property twice! He originally bought the buyer when it was new, closing in November, 2008 to a Florida investor for $500,000 (7.27% cap rate). Then in 2021, Steve listed and sold in May 2021 for $948,000 (5.1% cap rate) with 9 years remaining on a repeatedly extended lease.