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Peyton Manning Opening Up 'High-End Watering Hole' In Tennessee

Peyton Manning clearly knows the feeling ... and is fixing the issue -- by opening up a "high-end watering hole" in Knoxville in 2020!!!

The QB and Adventurous Journeys Capital Partners announced Thursday they're building a "western-inspired" bar and restaurant near University of Tennessee's campus.

The name of the place? "Saloon 16" ... an homage to Manning's "The Sheriff" nickname as well as the No. 16 jersey he wore when he was a star with the Volunteers.

It's supposed to be an awesome spot -- complete with dart boards, juke boxes, a piano and an outdoor dining area.