5312 Washington Pike - Freestanding FOR SALE
Knoxville, TN 37918 |
$9,117,000 USD
540-255-5496
5312 Washington Pike
Knoxville, TN 37918
HIGHLIGHTS
- Corporate Guaranteed Triple Net (NNN) Investment With Over 8-Years Remaining on the Lease
- Kohl's Recently Extended its Lease, Demonstrating its Commitment to the Location
- Cell Tower Located on the Property That is Paying $31,300 Annually With 3% Annual Increases*
- Property Sits on a 32.655 Acre Parcel With Over 500 Parking Spots
- Located 15 Minutes From the University of Tennessee and Downtown Knoxville
- Population of Over 114,000 Within a 5-Mile Radius of the Property
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 86,584 SF Kohl's Located at 5312 Washington Pike in Knoxville, Tennessee. Kohl's Has Recently Extended its Lease, Demonstrating its Commitment to the Location. This Deal Includes a Corporate Guaranteed Triple Net (NNN) Investment With Over 8-Years Remaining on the Lease and Zero Landlord Responsibilities, Providing For a Secured Investment.
In Cooperation With Sands Investment Group Tennessee. LLC-Uc #263973 BoR: Tom Gorman Lic. TN #370394
FOR SALE DETAILS
PRICE
$9,117,000 USD
PRICE/SF
$105 USD /SF
CAP RATE
6.65%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Kohl's - Knoxville, TN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Storefront, Department Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1997
SPRINKLERS
-
PARKING SPACES
508
LAND DETAILS
LAND ACRES
32.66 AC
LAND SF
1,422,670 SF
ZONING
C6
APN/PARCEL ID
059-00802
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540-255-5496
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