For Sale - Leasehold & Building w/ National Credit Tenant

Retail-Commercial for Sale
Catylist Listing ID: 30276255
Property Subtypes: Free-Standing Building
Building Status: Proposed
Building Size (RSF): 4,760 SF
Gross Building Area: See Agent
Sale Price: $1,723,000
Unit Price: $361.97 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 6.5%
Last Updated: 9/28/2020

Overview / Comments

Available for sale in Turkey Creek! Leasehold and improvements including a 4,760 square foot free-standing building on Parkside Drive. AT&T corporate has been a tenant for ten years and just exercised their first five-year option. Five years remaining on the ground lease with six, five-year options.

Turkey Creek is the premier shopping area in Knoxville with high-end retail including Ann Taylor, Pier One, Target, Talbots, Ethan Allen, Chico's and more. More than 60 restaurants including Fleming's Steakhouse, Bonefish Grill, Calhoun's, and Smoky Mountain Brewery, and a Regal Pinnacle Stadium with 18 screens including IMAX. There are also several hotels, office buildings, medical office buildings, and upscale residential neighborhoods. Traffic counts for Parkside Drive at this location are 20,000+ daily.

For more information on Turkey Creek: http://turkeycreek.com/

For more information about this listing, contact Mark Shipe at (865) 342-8716.

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 130 19104

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,452 35,349 78,333
Median Age: 49.06 42.57 41.16
Households: 977 13,730 30,865

Contact

Photograph of Listing Agent

Mark Shipe

Holrob NETAR CMLS Member
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