Huge Rate Reduction! 7,200 SF in Townsend

Retail-Commercial for Lease
Also listed as Office
Catylist Listing ID: 29771730
Property Subtypes: Free-Standing Building, Street Retail, Vehicle Related
Contiguous Space: 7,200 SF
Building Size (RSF): 7,200 SF
Gross Building Area: See Agent
Lease Rate: $4,000 (Monthly)
$6.67 PSF (Annual)
Lease Types: NNN
Building Name: Townsend IGA Center
Last Updated: 10/11/2018

Overview / Comments

Space was previously utilized by Dollar General. 7,200 SF consists of a storage area of ~800 SF, office and restrooms, and floor space of ~6,000 SF.

Pizza Hut and an Italian Restaurant are on each end of this strip center. The only grocery store in town (IGA) and gas are located immediately adjacent. The IGA Center is located in the middle of Townsend with direct sight to Rte. 321 and is the center of retail traffic in Townsend.

Any business related to a small town or the tourism industry would thrive. Pharmacies, sporting goods, auto related, are currently not represented in Townsend and would fit well. Also would be a great storage facility.

Lease is NNN with costs of $1.65/sf/year.

Expand All Available Space

Suite: 2 7,200 SF $4,000 (Monthly) NNN
Level/Floor: 1
Space Available: 7,200 SF
Lease Rate: $4,000 (Monthly)
$6.67 PSF (Annual)
Lease Type: NNN
Date Available: 7/1/2015
Lease Term: 36 Months
Space Type: Relet
Rent Escalators Step-Up Lease
Rent Escalators Description Rent increases after year 1.

Additional Details

Nearest MSA: Knoxville
County: Blount
Market Type: Small
Property Located Between: Pizza Hut & Firefly Cafe
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Property Condition: Good

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,006 1,821 3,798
Median Age: 48.6 50.88 51.52
Households: 443 817 1,691


Photograph of Listing Agent

Daniel Monat

LeConte Realty, LLC KAAR CIE Member
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