Kohl's - Knoxville, TN | 5312 Washington Pike
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Kohl's - Knoxville, TN 5312 Washington Pike
86,584 SF Retail Building Knoxville, TN 37918 £7,193,313 (£83/SF) 6.65% Net Initial Yield
Investment Highlights
- Corporate Guaranteed Triple Net (NNN) Investment With Over 8-Years Remaining on the Lease
- Cell Tower Located on the Property That is Paying $31,300 Annually With 3% Annual Increases*
- Located 15 Minutes From the University of Tennessee and Downtown Knoxville
- Kohl's Recently Extended its Lease, Demonstrating its Commitment to the Location
- Property Sits on a 32.655 Acre Parcel With Over 500 Parking Spots
- Population of Over 114,000 Within a 5-Mile Radius of the Property
Executive Summary
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
In Cooperation With Sands Investment Group Tennessee. LLC-Uc #263973 BoR: Tom Gorman Lic. TN #370394
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
86,584 SF
Building Class
B
Year Built
1997
Price
£7,193,313
Price Per SF
£83
Net Initial Yield
6.65%
NOI
£478,371
Tenancy
Single
Number of Floors
1
Loading Docks
5 Exterior
Building FAR
0.06
Land Acres
32.66 AC
Zoning
C6 - Commercial
Parking
508 Spaces (5.87 Spaces per 1,000 SF Leased)
Frontage
315 ft on Washington Pike
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Kohl's
- Retailer
- 86,584 SF
- £5.53
- Jan 2033
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Kohl's | Retailer | 86,584 SF | £5.53 | Jan 2033 |
PROPERTY TAXES
| Parcel Number | 059-00802 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £2,082,675 |
PROPERTY TAXES
Parcel Number
059-00802
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£2,082,675
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Clifton McCrory -
Daniel Hoogesteger -
Doug Roland -
Thomas Gorman -
Sands Investment Group
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Kohl's - Knoxville, TN | 5312 Washington Pike
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