2099 Thunderhead Rd
Knoxville, TN 37922

• Unit Size: 10,741 SF
• Condo Use: Office
• Price: $5,200,000 USD
• Sale Type: Investment
• Price/SF: $484.13 USD

Description

Creative office space at the mixed use Cornerstone Building at Northshore Town Center. Modern space ideal to attract top level employees and impress clients all in a easily accessible location with exceptional walkable amenities. Grab Chic-Fil-A for the office on the way into work, take the elevator to Cazzy's for lunch and knock out the shopping list at Target before heading home all within Northshore Town Center.

4,435 SF Modern Office
Mix of Private Offices and Workstations
Exceptional Walkable Amenities
Mixed Use Building with Cazzy's Corner Grill and Primo Passo Coffee on 1st Floor
Outstanding location at Northshore/Pellissippi

Square Footage according to Association Documents

Sale Notes

Suite 301 & 302 at 2099 Thunderhead Rd. is offered for sale at $5,200,000, presenting a rare opportunity to acquire a high-quality 10,741 SF office condominium in one of West Knoxville’s most desirable mixed-use developments. Currently occupied by a single tenant across both suites, the property offers investors immediate in-place income, scheduled contractual rent increases, and a transition to a fully NNN lease structure in August 2028. The current lease term runs through March 31, 2029, creating an attractive opportunity for both buy-and-hold investors and future owner-occupants seeking income during the interim.

The investment benefits from built-in rent growth throughout the remaining lease term. Suite 301 includes scheduled annual rent increases, while Suite 302 also has contractual rent bumps prior to being incorporated into the Suite 301 lease on August 1, 2028. At that time, the entire 10,741 SF premises transitions to a NNN structure at an annualized base rent of approximately $270,634, representing an approximately 5.20% stabilized NNN yield at the $5,200,000 asking price. The condominium structure further enhances the investment profile by limiting many of the hands-on maintenance responsibilities typically associated with standalone office ownership, with common-area maintenance and other shared property expenses administered through the condominium association.

Beyond the investment fundamentals, the property offers an exceptionally well-finished office environment that would be difficult to replicate at today’s build-out costs. The space features A+ finishes, large executive offices, extensive interior glass, a spacious “war room” conference room accommodating up to 14 people, and additional conference rooms throughout. The flexible layout provides up to 14 private offices, open workspace, a welcoming reception area with built-in coffee bar, and a separate full breakroom. Exposed ceilings, brick accent walls, and curated finishes create a contemporary, creative environment while maintaining a polished professional feel.

Located within a walkable, lakefront mixed-use development, the property offers outstanding convenience for employees and clients. Walk downstairs for coffee at Primo Passo, lunch at Cazzy’s Corner Grill, or drinks at The Casual Pint or Soccer Taco. Publix, Kroger, Target, medical offices, fitness studios, financial services, and numerous other amenities are located throughout the immediate Northshore area, creating one of Knoxville’s most well-rounded business environments.

The surrounding Northshore market benefits from strong demographics, with more than 30,000 residents within a three-mile radius, average household incomes exceeding $150,000, and traffic counts exceeding 18,000 vehicles per day along Northshore Drive. The property is also adjacent to Avantine Northshore’s luxury apartments and Northshore Elementary, contributing to a strong daytime population and active mixed-use setting.

For an investor, the offering combines in-place income, scheduled rent growth, limited landlord maintenance responsibility, and a near-term transition to NNN economics. For a future owner-occupant, it provides an opportunity to secure a premier 10,741 SF office asset today while benefiting from rental income through the remaining lease term.

Photos shown were taken prior to the current tenant’s occupancy and may not reflect the suite’s current furniture, fixtures, layout, or condition.