Shadow Center - New Food City on Oak Ridge Hwy

Shopping Center for Lease
Catylist Listing ID: 30647194
Property Subtypes: Grocery-Anchored
Building Status: Under Construction
Contiguous Space: 1,500 - 2,100 SF
Total Available: 3,600 SF
Gross Building Area: See Agent
Lease Rate: $26 PSF (Annual)
Base Monthly Rent: $3,250 - 4,550
Lease Types: NNN
Last Updated: 3/10/2023

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.

Expand All 2 Spaces Available

Suite: 6724 2,100 SF $26 PSF (Annual) NNN
Suite: 6734 1,500 SF $26 PSF (Annual) NNN

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 079 03302

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,723 49,556 137,558
Median Age: 35.34 36.08 36.6
Households: 2,961 20,208 59,852


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