Cumberland Avenue Retail ~ Knoxville, TN

Retail-Commercial for Sale
Catylist Listing ID: 30212856
Property Subtypes: Street Retail
Building Size (RSF): 7,240 SF
Gross Building Area: See Agent
Gross Land Area: 0.34 Acres
Sale Price: $2,150,000
Unit Price: $296.96 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/4/2018

Overview / Comments

Excellent retail property located on the SW end of the "strip" on Cumberland Avenue at The University of Tennessee (28,321 enrollment).
The 7,240 SF Building includes the existing tenants: Insomnia Cookies and Oscar's Taco Shop. There is currently approximatley 4,771 SF of availability for lease. With the newly completed Cumberland Avenue infrastructure improvements and many private multi-family projects opening or under construction in the area, the growth in the immediate area makes this a prime location. Daytime population within the 5 mile radius is 201,165 and daily traffic counts are 37,390 along Cumberland Avenue.

Current Tenants

Tenant Business Name Insomnia Cookies
Is Renting? Yes
Tenant Business Name Oscar's Taco Shop
Is Renting? Yes

Additional Details

Nearest MSA: Knoxville
County: Knox
Property Visibility: Excellent
Largest Nearby Street: Cumberland Avenue
Traffic/Vehicle Count: 37,390
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1988

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,782 82,644 159,504
Median Age: 21.15 31.73 34.86
Households: 3,265 33,858 68,136

Contact

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