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CAVA & PDS Health | Alcoa, TN 1055 Hunters Xing 6,000 SF 100% Leased Retail Building Alcoa, TN 37701 $4,545,000 ($757.50/SF) 5.75% Cap Rate
Investment Highlights
- Two-Tenant NNN Retail Investment; Pad to Hunters Crossing, Anchored by High-Volume Walmart and Lowe’s (3.8 Million Annual Visits, Placer.ai)
- Corporate CAVA (NYSE: CAVA): Brand-new 10-year lease
- Located Directly Across from Hamilton Crossing, a 175,000 SF Center Anchored by Ross Dress for Less
- Corporate PDS Health: New 10-year lease extension due to strong performing location
- High-Traffic Location Along U.S. Highway 129 (35,500 CPD)
- Located 15 Minutes South of Downtown Knoxville, 3 Miles South of McGhee Tyson Airport, and 2 Miles North of Foothills Mall
Executive Summary
100% Occupied 2-Tenant Pad; Long-Term Leases | Pad to High-Volume Walmart and Lowe’s | Knoxville MSA; 950,000+ Population
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,000 SF
Building Class
B
Year Built
2018
Price
$4,545,000
Price Per SF
$757.50
Cap Rate
5.75%
NOI
$261,338
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
0.91 AC
Opportunity Zone
Yes
Zoning
E-1
Parking
45 Spaces (7.5 Spaces per 1,000 SF Leased)
Frontage
185’ on Hunters Crossing
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Blaze Pizza began in 2011 when founders Elise and Rick Wetzel opened their first location in Pasadena, California. The concept combined fast-casual service with customizable build-your-own pizzas cooked in three minutes. Customers select their crust, sauce, cheese, and toppings from an open kitchen assembly line. This model allowed rapid expansion across the United States and internationally. The chain emphasizes fresh ingredients and quality over speed. While maintaining its core pizza offerings, Blaze Pizza has added salads, desserts, and craft beverages to its menu over time.
- MRG Pizza
- Retailer
- -
- -
- Apr 2028
- Pacific Dental Services
- Health Care and Social Assistance
- -
- -
- Apr 2028
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - | ||
| MRG Pizza | Retailer | - | - | Apr 2028 | ||
| Pacific Dental Services | Health Care and Social Assistance | - | - | Apr 2028 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 046-017.08 | Improvements Assessment | $414,920 |
| Land Assessment | $270,040 | Total Assessment | $684,960 |
Property Taxes
Parcel Number
046-017.08
Land Assessment
$270,040
Improvements Assessment
$414,920
Total Assessment
$684,960
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