1115 Hunters Crossing Dr
Maryville, TN 37801
Shoppes at Hunter Crossing · Retail Property For Sale

Auction:5/8 - 5/10: Shoppes at Hunters Crossing Property tours are available by appointment ONLY. Please contact Chapman Brown to schedule at chapman.brown@marcusmillichap.com or 205-510-9123. Investment Highlights: 100% occupied NNN retail strip center providing investors with immediate, reliable cash flow Stabilized with value-add through proper management and future expansion Additional upside potential through addition of an endcap tenant besides Mattress Direct Under new management the NOI should immediately increase by $13,000 Excellent tenant mix all with long operating history within center Well-maintained property with minimal capital expenditures required in the foreseeable future Located in a surging retail corridor just off Highway 129 with traffic counts 41,000 VPD Investment Overview: The Shoppes at Hunters Crossing is a 100% occupied, NNN leased, 18,037 SF retail center, located at 1115-1127 Hunters Crossing Drive within the Knoxville MSA in Alcoa, TN. Located just off Highway 129 with traffic counts of 41,000 VPD, the Shoppes at Hunters Crossing features an ideal mix of tenants paying well below market rent. The current tenants includes Aaron's (44% of GLA), Mattress Direct (28% of GLA), Lendmark Financial (7% of GLA) and The Armed Services (21% of GLA) all of which have all extended their leases within the last 120 days. The current owner/manager has been unable to perform the duties associated with managing the property to its full potential and under new management the NOI should immediately increase by approximately $13,000 through proper management and billing. It is estimated that under new management this property should be operating with an NOI equal to $207,973 within a two to three month time frame. The Property is located in Alcoa, TN (Knoxville MSA) and serves the Alcoa/Maryville submarket. The Maryville/Alcoa submarket contains an abundance of large employers that provide a solid base for local residents. The Shoppes at Hunters Crossing sits on a 2.05 AC outparcel ideally situated in front Lowe's and the recently developed 270,000 SF upscale apartment complex featuring 269 units with an additional proposed 85 units. In a growing area, surrounded by new retail and multi-family development, The Shoppes at Hunters Crossing is situated in the most ideal of locati