Farragut - Destination Retail/office

Shopping Center for Lease
Lease Pending/Contingent
Catylist Listing ID: 30380825
Property Subtypes: Community Center, Mixed Use, Neighborhood Center, Strip Center
Status: Pending/Contingent
Contiguous Space: 1,200 SF
Building Size (RSF): 1,200 SF
Gross Building Area: 27,000 SF
Gross Land Area: 7.22 Acres
Lease Rate: $14.50 PSF (Annual)
Base Monthly Rent: $1,450
Lease Types: NNN
Building Name: West End Phase 2
Last Updated: 2/12/2019

Overview / Comments

This is the site for excellent business value in a location to be proud of with out paying a premium. Tenants benefit from an experienced Landlord who's commitment to the center and to the community has more than a 20 year history. In 2016 the Modern renovation on the Phase 2 shops was completed and subsequently has encouraged over 12,000 SF in new leasing activity. We have very active conversations going on for the next step in our redevelopment plans, which include extending the renovation theme across the street to the other buildings.

Easy walking distance to many restaurants and shopping. Conveniently located at the epicenter of Farragut home owners and directly in front of the Middle & High School.

Co-Tenants include:
A high-end salon
Medical billing office
Dance Studio
Kids Gymnastics
High End Asian Cuisine
Teachers Credit Union
A Financial Services Office
High end bicycle shop
Pool and Spa Dealer
Insurance office
Real Estate Company
Interior Design Showroom & Studio.

Expand All Available Space

Suite: 145 1,200 SF $14.50 PSF (Annual) NNN
Level/Floor: 1
Space Available: 1,200 SF
Lease Rate: $14.50 PSF (Annual)
$1,450 (Monthly)
Lease Type: NNN
Date Available: 2/12/2019
Lease Term: 60 Months
Space Type: Relet
Kitchen Yes
Rent Escalators Step-Up Lease
Rent Escalators Description 3% annual
Rent Concession 1 month absolutely free.

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 143 00127
Zoning: C-3
Retail Clientele: General, Family, Business, Recreation, Other
Property Located Between: Kingston Pike & I-40 south of Turkey Creek
Property Visibility: Fair
Largest Nearby Street: West End Ave.
Feet of Frontage: 428
Highway Access: 3-5 minutes from I-40 via Campbell Station Rd.
Airports: Mcgee Tyson
Area Description: The Town was ranked as the Most Business-Friendly City in Tennessee for 2011 by the Beacon Center of Tennessee (formerly the Tennessee Center for Policy Research). Farragut is home to stunning beauty, no property tax, great public and private schools, an extremely low crime rate, and an array of recreational, shopping and dining opportunities. Demographics Population: 20,676 Households: 7,982 Median Age: 45 Median Household Income: $108,000 The Town of Farragut does not have a municipal property tax. Farragut residents pay the same property tax as other Knox County residents, $2.32 per $100 of assessed property value. Property is assessed at 25% of the residential market value and 40% of the commercial market value. Sales tax in Knox County is 9.25% except for groceries, which are taxed at 5.25%.
Total Number of Buildings: 4
Number of Stories: 1
Property Condition: Excellent
Year Built: 1986
Year Renovated: 2016
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Beautifully updated with modern textures, colors and architectural features such as crown molding, and a historic down lighting package. This center received the City of Farragut beautification award for 2016.
Parking Ratio: 3.2 (per 1000 SF)
Parking Type: Surface
Parking Description: 3.23/1,000 SF
Sprinklers: Wet

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,673 40,684 92,018
Median Age: 44.67 42.91 40.56
Households: 3,116 15,771 36,336


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