Prime Corner for Lease – 6,626 SF

Retail-Commercial for Lease
Catylist Listing ID: 30503306
Property Subtypes: Free-Standing Building, Restaurant, Other
Contiguous Space: 6,626 SF
Building Size (RSF): 6,626 SF
Gross Building Area: See Agent
Gross Land Area: 0.68 Acres
Lease Rate: $10.50 PSF (Annual)
Base Monthly Rent: $5,797
Lease Types: Absolute NNN
Ceiling: 12 ft.
In Opportunity Zone? Yes
Last Updated: 12/12/2019

Overview / Comments

Great location in the Magnolia retail corridor. City of Knoxville investments are happening in this area. This property is in the Opportunity Zone. At the corner of Magnolia and Cherry Street with traffic counts of 14,273 vehicles per day on Cherry Street and 11,198 vehicles per day on Magnolia. 164' of frontage on Magnolia and 174' of frontage on Cherry Street. Ceiling heights of 12', 2 bathrooms and a loading dock at the rear of the building, gas heat. Tenant improvement allowance is negotiable. This is a net lease. Property is also for sale.

Tenant should verify all measurements.

Call Co-Listing Agent, Jennifer Montgomery (865) 406-4364.

Expand All Available Space

Suite: 5280 6,626 SF $10.50 PSF (Annual) Absolute NNN
Space Available: 6,626 SF
Lease Rate: $10.50 PSF (Annual)
$5,797 (Monthly)
Lease Type: Absolute NNN
Space Description: Interior space is 82' x 82'9", 2 bathrooms and loading dock, 12' ceiling height.
Date Available: 9/13/2019
Lease Term: 60 Months
Space Type: Relet
Tax Expenses $1.64 PSF (Annual)

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 082JL012
Zoning: C-3
Feet of Frontage: 164
Site Description: Level
Area Description: At the corner of Cherry Street and Magnolia Avenue.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 2003
Construction/Siding: Block
Total Parking Spaces: 37
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Ceiling Units
Air Conditioning: Other
Interior Description: Interior space is 82' x 82'9", 2 bathrooms and loading dock, 12' ceiling height.
Lot Frontage: 164
Lot Depth: 174

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,362 75,954 148,960
Median Age: 37.22 33.73 35.13
Households: 4,049 31,005 63,269
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