Shadow Center - New Food City on Oak Ridge Hwy
|Catylist Listing ID:
||800 - 11,240 SF
|Gross Building Area:
$24 - 32 PSF (Annual)
|Base Monthly Rent:
||$1,733 - 22,480
Overview / Comments
- New Shopping Center, anchored by new Food City grocery store opening 1Q21. Food City (KVAT Food Stores) is the 33rd largest grocer in the US with 127 stores and 16,000+ employees across Tennessee, Georgia, Virginia and Kentucky, and sales exceeding $2B.
- Freestanding, endcap and shop space opportunities, with sites delivered pad ready 4Q20 available for sale, ground lease or build-to-suit.
- Intersection of Oak Ridge Hwy and Schaad Road, Oak Ridge Hwy (TN-62) has recently been widened to 5 lanes and connects Karns with Downtown Knoxville. Schaad Road is a new 5 lane ring road to connect I-75 in N. Knoxville with I-40/75 in W. Knoxville, on track for 2022 completion.
- Combined Traffic Count of 52,910 VPD upon 2021 completion of Schaad Road (CDM Smith TIA). Current combined traffic count of 34,410 VPD has been reduced due to road construction.
- Limited inventory, High growth area with great schools, and over 2,376 new homes approved in the trade area. This is one of the few areas in Knox County with remaining developable land for residential growth.
- Easy access and visibility via new project roads signalized at Oak Ridge Hwy and the new Schaad Road.
- Serving the growing Karns community of Knoxville, convenient to employees in the CBD, Pellissippi Technology Corridor, Oak Ridge National Lab/DOE Installation and the University of Tennessee.
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