- Brand New Location 100 Percent Occupied by Two National Tenants, Pacific Dental and Mattress Firm
- Both Tenants have New, 10-Year Leases with Two, Five-Year Renewal Options and 10 Percent Increases Every Five Years
- New, 15-Year Roof Warranty
- Subject Property is 13 Miles from the Nearest Mattress Firm
- Part of the Knoxville MSA
- Surrounding National Brands Include Walmart Supercenter, Staples, T.J. Maxx, JCPenney, Aldi, Kroger, Big Lots, Dick’s Sporting Goods, Pet Supermarket, Outback Steakhouse, Panera Bread, Chick-fil-A, Sonic, Papa John’s, Bank of America, Hampton Inn, Holiday Inn, Double Tree by Hilton and Many More
- Located off Illinois Avenue with a Daily Traffic Count of More Than 30,000 Vehicles
- Oak Ridge is One of the Largest Employment Areas in the Knoxville Metro
Marcus & Millichap is pleased to present the opportunity to acquire a brand-new multi-tenant retail building located in Oak Ridge, Tennessee, part of the Knoxville MSA. This property is a brand-new location 100 percent occupied by two national tenants, Pacific Dental and Mattress Firm. Both Tenants have new, 10-year leases with two, five-year renewal options and 10 percent rental increases.
The subject property is in a major retail corridor, with surrounding national brands including Walmart Supercenter, Staples, T.J. Maxx, JCPenney, Aldi, Kroger, Dicks Sporting Goods, Outback Steakhouse, Panera Bread, Chick-fil-A, Holiday Inn, Double Tree by Hilton and many more. Its located off Illinois Avenue with a daily traffic count of 30,000 vehicles, and within close proximity to the University of Tennessee which has 28,000 students and 9,800 employees.
Broker of Record – Tennessee