4000 SF Retail for Lease

Retail-Commercial for Lease
Catylist Listing ID: 30809524
Property Subtypes: Free-Standing Building, Street Retail
Contiguous Space: 4,000 SF
Gross Building Area: 4,000 SF
Gross Land Area: 0.68 Acres
Lease Rate: $15 PSF (Annual)
Base Monthly Rent: $5,000
Lease Types: NNN
Last Updated: 8/12/2022

Overview / Comments

Lease opportunity at a great location with zoning that allows many business types. Options range from a 2-plus year lease of the existing building to a long-term ground lease to redevelop this 0.68-acre tract.

All My Sons Moving & Storage is relocating and seeks a sublease tenant. Excellent location just north of Lexington Dr. and near the I-40/75 interchange. Location is convenient to all of west Knoxville and has exceptionally high traffic counts: 39,259 ADT at Lovell Rd and 123,981 ADT on I-40/75.

Built in 1981, this clear span block building has 4,000 sq. ft. with 27 parking spaces (6.75/1,000 SF) plus cross parking/access with 515 Lovell Rd. All ceilings are 8 ft. Configured with a 3,000 SF showroom/open area (40’x75’) with bathroom access and a 1,000 SF backroom with an at-grade overhead door 8’ wide and 8’ 10” tall.

Knox County CB (Business & Manufacturing) zoning allows a wide range of businesses, including Retail, Office, Gym, martial arts, Indoor pet services and veterinary establishments and more. Being in unincorporated Knox County means low property taxes. 2022 CAM/Passthroughs are $629/mo.

A longer commercial or ground lease can be achieved by entering into an agreement with the property owner as well as the sublease. The sublease portion is offered As-Is with the earliest occupancy to be Oct. 1, 2022. However, any occupancy date is subject to a contingency of the sublessor’s occupancy date at its new facility. Contact leasing agent for details. Minimum sublease Term is 24 months. Maximum sublease end date is 4/30/2025 (30 months from 10/1/22).

All measurements are approximate. Rent is solely based on rent amount per month. Call listing agent to tour.

HIGHLIGHTS
Highly Visible Property on High Traffic Road near I-40/75 and Turkey Creek
Exceptionally high traffic counts:
39,259 ADT on Lovell Rd
123,981 ADT on I-40/75
Unincorporated Knox County (Low property taxes)
Zoned Knox County: CB - Business and Manufacturing Zone
27 parking spaces (6.75/1,000 SF)

Expand All Available Space

Suite: 1 4,000 SF $15 PSF (Annual) NNN
Space Available: 4,000 SF
Lease Rate: $15 PSF (Annual)
$5,000 (Monthly)
Lease Type: NNN
Date Available: 10/1/2022
Space Type: Sublet

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: Knox County
Tax ID/APN: 131 02503
Zoning: CB
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Visibility: Excellent
Largest Nearby Street: Lovell Rd

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,272 40,142 102,977
Median Age: 39.91 41.73 39.52
Households: 2,483 15,859 40,915

Contact

Photograph of Listing Agent

Steve Goldman, CCIM

Goldman Partners Realty, LLC KAAR CIE Member
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