Turkey Creek Leasehold & Retail Improvements For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30144747
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 8,773 SF
Gross Building Area: 8,800 SF
Sale Price: $1,150,000
Unit Price: $131.08 PSF
Property Use Type: Investment
Building Name: Parkside Station West
Sale Terms: Cash to Seller, Other
Cap Rate: 8.29%
Average Occupancy Rate: 100
Last Updated: 5/14/2022

Overview / Comments

Now Available for Sale - High Profile Retail Facility in The Turkey Creek Retail District of West Knoxville!

The Turkey Creek retail district is the premier shopping venue in Knoxville. Nearby major retailers include: Walmart Supercenter, Super Target, Belk, Publix, JCPenney and Costco.

2018 Traffic Counts on Parkside Drive are 22,000+ AADT.

Visit the Turkey Creek website: http://turkeycreek.com/

Improvements on long-term ground sub-lease, please call agent for details. Tenants include: Sprint and Great Clips.

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: Knox County
Tax ID/APN: Part of 130 19104
Zoning: C-2 FARRAGUT
Retail Clientele: General, Family, Business, Other
Property Located Between: Campbell Station Road and Lovell Road
Property Visibility: Excellent
Largest Nearby Street: Lovell Road
Traffic/Vehicle Count: 41,820
Highway Access: I-40 @ Campbell Station Road, Exit 373 and I-40 @ Lovell Road, Exit 374
Airports: TYS
Site Description: Predominately at road elevation with shared storm detention off-site.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2007
Roof Type: Flat
Construction/Siding: Brick, Stucco
Exterior Description: Contemporary brick-stucco-block construction with awnings and glass/aluminum storefronts.
Total Parking Spaces: 43
Parking Ratio: 5 (per 1000 SF)
Parking Type: Surface
Sprinklers: Wet
Zoning Description: Regional commercial district (C-2) General description. This district provides space for commercial uses which provide services to regions including and surrounding the Town of Farragut. The intent is to permit lands adjacent to interstate highway interchanges to be used for the provision of general commercial and business services to both interstate travelers and residents of the region. These commercial uses are intended to be designed to minimize disruption of traffic flows and negative impacts on adjacent residential uses. Find additional details here: https://library.municode.com/tn/farragut/codes/code_of_ordinances?nodeId=COOR_APXAZO_CH3SPDIRE
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,452 36,166 78,333
Median Age: 49.06 42.61 41.16
Households: 977 13,894 30,865


Photograph of Listing Agent

George Brown

SVN I Wood Properties NETAR CMLS Member
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