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: |
800 - 7,000 SF |
| Total Available: |
15,100 SF |
| Gross Building Area: |
See Agent |
| Lease Rate: |
$26 - 32 PSF (Annual)
|
| Base Monthly Rent: |
$1,733 - 9,600 |
| Lease Types: |
NNN |
| Last Updated: |
4/15/2021 |
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.
|
| Status: |
Pending |
| Space Available: |
7,000 SF |
| Lease Rate: |
$26 PSF (Annual)
$15,166 (Monthly)
|
| Lease Type: |
NNN |
| Space Description: |
Mid-box space adjoining new Food City opening February 2021. Space will be delivered in vanilla box condition with RTUs set. |
| Space Subcategory: |
Grocery-Anchored, Neighborhood Center |
| Date Available: |
3/1/2021 |
| Lease Term: |
120 Months |
| Space Type: |
New |
| Rent Escalators |
Index Lease |
| Rent Escalators Description |
Greater of CPI or 3% annually |
| Tenant Improvements Allowance |
$20 |
| Space Available: |
2,100 SF |
| Lease Rate: |
$26 PSF (Annual)
$4,550 (Monthly)
|
| Lease Type: |
NNN |
| Space Description: |
Warm shell |
| Date Available: |
7/1/2021 |
| Lease Term: |
120 Months |
| Space Type: |
New |
| Rent Escalators Description |
Annual increases greater of 3% or CPI |
| Tenant Improvements Allowance |
$20 |
| Status: |
Pending |
| Space Available: |
800 SF |
| Max Contiguous: |
6,000 SF |
| Lease Rate: |
$26 PSF (Annual)
$1,733 (Monthly)
|
| Lease Type: |
NNN |
| Space Description: |
Shop space adjoining new Food City opening February 2021. Space will be delivered in vanilla box condition with RTUs set. |
| Space Subcategory: |
Grocery-Anchored, Strip Center |
| Date Available: |
3/1/2021 |
| Lease Term: |
120 Months |
| Space Type: |
New |
| CAM Expenses |
$4.50 PSF (Annual) |
| Rent Escalators |
Index Lease |
| Rent Escalators Description |
Greater of CPI or 3% annually |
| Tenant Improvements Allowance |
$20 |
| Status: |
Pending |
| Space Available: |
1,600 SF |
| Max Contiguous: |
6,000 SF |
| Lease Rate: |
$26 PSF (Annual)
$3,466 (Monthly)
|
| Lease Type: |
NNN |
| Space Description: |
Shop space adjoining new Food City opening February 2021. Space will be delivered in vanilla box condition with RTUs set. |
| Space Subcategory: |
Grocery-Anchored, Community Center |
| Date Available: |
3/1/2021 |
| Lease Term: |
120 Months |
| Space Type: |
New |
| CAM Expenses |
$4.50 PSF (Annual) |
| Rent Escalators |
Index Lease |
| Rent Escalators Description |
Greater of CPI or 3% annually |
| Tenant Improvements Allowance |
$20 |
| Space Available: |
3,600 SF |
| Max Contiguous: |
6,000 SF |
| Lease Rate: |
$32 PSF (Annual)
$9,600 (Monthly)
|
| Lease Type: |
NNN |
| Space Description: |
Endcap space with patio adjoining new Food City opening February 2021. Space will be delivered in vanilla box condition with RTUs set. |
| Space Subcategory: |
Grocery-Anchored, Community Center |
| Date Available: |
3/1/2021 |
| Lease Term: |
120 Months |
| Space Type: |
New |
| CAM Expenses |
$4.50 PSF (Annual) |
| Rent Escalators |
Index Lease |
| Rent Escalators Description |
Greater of CPI or 3% annually |
| Tenant Improvements Allowance |
$20 |
Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Knox |
| Tax ID/APN: |
079 03302 |
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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