Knob Creek Marketplace

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 28258260
Status: Pending
Building Size (RSF): 23,036 SF
Gross Building Area: See Agent
Sale Price: $3,146,588
Unit Price: $136.59 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 8.5%
Last Updated: 10/10/2017

Overview / Comments

Knob Creek Marketplace is a collection of nationally, regionally and locally recognized companies in a single-story complex in North Johnson City with frontage and visibility on N State of Franklin Road, the dominant retail corridor in the Tri-Cities area of Tennessee.

The project was developed in 1998 by Mitch Cox Companies on 4.3 acres using quality construction and materials such as split-faced block and drivit exterior finishes. In 2010, the property was renovated with a new single-ply rubber membrane roof and new facade. This, combined with high traffic and visibility from N State of Franklin Road makes Knob Creek Marketplace a well-positioned property.

For more information, please fill out the attached Confidentiality Agreement and submit it to Mitch Cox Realtor, Inc., and we will be glad to provide a detailed Offering Memorandum. Owner/Agent

Additional Details

Nearest MSA: Johnson City
County: Washington
Market Type: Medium
Retail Clientele: General, Family, Business, Recreation, Other
Road Type: Paved
Property Visibility: Good
Largest Nearby Street: N State of Franklin Road
Traffic/Vehicle Count: 25,323
Transportation: Bus, Highway, Airport, Taxi, Other
Highway Access: I-26, Hwy 381
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1998
Year Renovated: 2010
Construction/Siding: Block
Exterior Description: Block & Drivit
Parking Type: Surface

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,635 37,652 84,382
Median Age: 47.3 41.42 38.92
Households: 2,163 15,653 35,809

Contact

Photograph of Listing Agent

John Speropulos, CCIM, SIOR

Mitch Cox Realtor, Inc. NETAR CMLS Member
Photograph of Listing Agent

Marc Murphy, CCIM

Mitch Cox Realtor, Inc. NETAR CMLS Member
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