Montvue Retail Center

Retail-Commercial for Sale
Catylist Listing ID: 30467059
Property Subtypes: Mixed Use, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
Condo? Yes
Building Size (RSF): 10,800 SF
Gross Land Area: 0.60 Acres
Sale Price: $3,050,000
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Montvue Center
Usable Size (USF): 10,800 SF
Sale Terms: Cash to Seller
Cap Rate: 7.25%
Average Occupancy Rate: 100
Last Updated: 9/12/2019

Overview / Comments

Two commercial retail units and .6 acre on two fee-simple lots in a 3-unit building adjacent to West Town Mall in Montvue Center. Current tenants are Big Kahuna Wings and Anytime Fitness, both with new 10 & 11-year leases. Whole building renovated in 2018 with new roof coating, paint, stucco repaired, and guttering and downspouts replaced. Third tenant is new owner occupied Campbell Pool & Spa. Plenty of storefront parking and cross parking exists with entire Montvue Center. Pole sign is visible from Kingston Pike. Center has ingress and egress to and from Montvue Road and traffic light at N. Winston Road and Kingston Pike. Center is in the heart of high density population and income demographics. Great investment opportunity.

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 120JB00802 & 120JB00803
Is Condo?: Yes
Zoning: C-4

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,843 70,644 149,220
Median Age: 38.14 36.88 37.07
Households: 4,873 31,809 63,818

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