Prime Kingston Pike (Bearden) Retail Property

Retail-Commercial for Lease
Catylist Listing ID: 30680860
Property Subtypes: Free-Standing Building, Restaurant, Retail-Pad, Tavern/Bar/Nightclub, Other
Contiguous Space: 5,600 SF
Gross Building Area: See Agent
Gross Land Area: 0.97 Acres
Lease Rate: $12,500 (Monthly)
$26.79 PSF (Annual)
Lease Types: NNN
Last Updated: 5/7/2021

Overview / Comments

5500 Kingston Pike is one of the few remaining larger sites in the heart of Bearden. The approximately one-acre property is improved with a 5,600 square foot building (former Naple's Italian Restaurant where many Knoxvillians share fond memories) that has direct frontage on Knoxville's most traveled road. The new zoning ordinance allows for various retail mixed uses. The landlord would consider ground leasing the property; leasing the existing structure to be remodeled; or starting over with a ground-up redevelopment. With intellectual property in hand, one could even re-open Naple's. Please note the rental rate reflects an "AS-IS" base rent; however, would be offered as a net/net/net lease.

The subject parcel is adjacent to other properties that house upscale retailers such as lululemon, Anthropologie, Free People, Kendra Scott, and Madewell, supported by the affluent Bearden community, a submarket of Knoxville, and the University of Tennessee student population that is less than three miles away. Going through a bit of a renaissance itself, Bearden is quickly becoming known as Knoxville's "mid-town," populated with art, culture, dining, and music. This property is one of the few that is perfectly situated to enhance the mid-town experience!

Expand All Available Space

Suite: 5500 5,600 SF $12,500 (Monthly) NNN
Space Available: 5,600 SF
Lease Rate: $12,500 (Monthly)
$26.79 PSF (Annual)
Lease Type: NNN
Date Available: 1/22/2021
Space Type: Relet

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 121BC020
Zoning: C-G-1
Property Visibility: Excellent
Largest Nearby Street: Kingston Pike

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,853 59,158 164,923
Median Age: 39.62 35.52 34.73
Households: 3,142 26,312 69,048


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