20 Jefferson Ave
Oak Ridge, TN 37830
Shell - TN C-Store Portfolio · Retail Property For Sale

This subject investment property is situated at 20 Jefferson Avenue in Oak Ridge, Tennessee. Jefferson Avenue has an average daily traffic count of 25,030 vehicles. The subject property is located in an affluent residential area with an average annual household income of $73,000. The subject property is well-positioned in a highly dense retail corridor consisting of shopping centers and national and local retail tenants, which are all situated in the immediate surrounding area. Major national tenants in the area include: Walmart, Food City, Ulta, Dick’s Sporting Goods, Staples, Cinemark, Belk, Dunkin’ Donuts, Starbucks, Kroger, Big K, Hobby Lobby, Pet Supplies Plus, Big Lots!, Sonic, Arby’s, and Shoney’s. In addition to these numerous retail and restaurant concepts, the subject property benefits from its close proximity to the Methodist Medical Center. This state-of-the-art medical facility is located roughly two miles east of the subject property and features a 301-bed facility that offers a wide array of services. Additionally, there are numerous academic institutions within a two-mile radius of the subject property. The most notable of these institutions is Oak Ridge High School, which has a total enrollment of nearly 1,500 students. Oak Ridge is a city in Anderson and Roane counties in the eastern part of the U.S. state of Tennessee, which is roughly 25 miles west of Knoxville. Oak Ridge is part of the Knoxville Metropolitan Area. The city’s nicknames include the Atomic City, the Secret City, the Ridge, and the City Behind the Fence. Oak Ridge was established in 1942 as a production site for the Manhattan Project, the massive American, British, and Canadian operation that developed the atomic bomb. As it is still the site of Oak Ridge National Laboratory and Y-12 National Security Complex, scientific development still plays a crucial role in the city's economy and culture in general. The federal government projects in Oak Ridge have been slightly reduced in size and scope, but are still the city's principal economic activity and one of the biggest employers in the Knoxville metropolitan area. The Department of Energy owns the federal sites and maintains a major office in the city. Oak Ridge National Laboratory is the largest multipurpose laboratory in the Department of Energy's National Laboratory system. It is home to the Spallation Neutron Source, a $1.4 billion project completed in 2006.