Catylist ID:
#30276255
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: | 5/20/2023 |
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 |
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 |
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