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4702-4720 Western Ave 56,478 SF 100% Leased Retail Building Knoxville, TN 37921 $9,357,833 ($165.69/SF) 7.19% Cap Rate
INVESTMENT HIGHLIGHTS
- Notable Anchor Tenant: Anchored by the Extremely Successful and Well-Known Tennessee School of Beauty, Which Enrolls Over 250 Students at Center Daily
- Fundamentally Strong Demographics: 164,819 Population & $78,593 Average Household Income within a 5-Mile Radius
- Long Term Stability: Over 45% of the GLA has a Remaining Lease Term of 10 Years, Adding Stability to the Investment
- Strong, Internet-Resistant Tenant Mix: The Majority of Tenants are Essential Service & Internet Resistant Businesses with Strong Financial Backings
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
56,478 SF
Building Class
C
Year Built/Renovated
1974/2010
Price
$9,357,833
Price Per SF
$165.69
Cap Rate
7.19%
NOI
$672,692
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
4 Exterior
Building FAR
0.16
Lot Size
7.99 AC
Parking
350 Spaces (6.2 Spaces per 1,000 SF Leased)
Frontage
472’ on Western Ave
AMENITIES
- Freeway Visibility
- Pylon Sign
- Signalized Intersection
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Soccer Player Academy
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Soccer Player Academy | Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 093GC-00201 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,674,720 |
PROPERTY TAXES
Parcel Number
093GC-00201
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,674,720
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4702-4720 Western Ave
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