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111-234 Hamilton Crossing Dr
Alcoa, TN 37701

Hamilton Crossing · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront
Building Size
175,464 SF
Building Class
B
Year Built
2007
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Land Acres
17.99 AC
Zoning
E-1

About 111-234 Hamilton Crossing Dr , Alcoa, TN 37701

SRS Investment Properties Group, as exclusive broker, is pleased to offer Hamilton Crossing - a power center anchored by Ross Dress for Less, Old Navy, Dick’s Sporting Goods, Michaels and PetSmart – located in Alcoa, TN. Hamilton Crossing is characterized by a solid base of national anchors which comprise roughly 77% of the overall GLA; further bolstered by a 97.4% overall national tenant roster. Hamilton Crossing has benefited from notable, recent leasing momentum via renewals with Dick’s Sporting Goods, Shoe Carnival and Ross Dress For Less. Renewals included ‘rent corrections’, enabling optimal tenant health ratios at the Property which will also help to sustain the success that tenants have established over the next several years. The Property provides investors with a lucrative, multifaceted opportunity to create value. Included in the offering are two outparcel buildings: a single-tenant-net lease AT&T and a multi-tenant outparcel building with 100% national tenants, including Five Guys, Which Wich, Buffalo Wild Wings, DentalWorks, Azure Aveda Salon and Batteries + Bulbs. Separately parceled, the set of outparcels can be carved out and sold off, reducing equity exposure. Additionally, Hamilton Crossing has an 8,000 +/- SF junior box available for lease-up adjacent to Shoe Carnival, as well as a pad site on the north side of the Property which is buildable up to 5,000 +/- SF. The original developer of Hamilton Crossing has ongoing development slated adjacent to the Property, on the south side. Plans include a confirmed 80-room, nationally branded hotel, along with an additional hotel and up to three (3) multi-tenant retail outparcel buildings – all of which combine to add a built-in customer base and additional synergistic, retail consumer draws for the Property. LOCATION Situated across from Walmart Supercenter, Aldi and Lowe’s, Hamilton Crossing is a major part of the retail center of gravity for Alcoa, Maryville and the surrounding south Knoxville region. Fronting US-129/TN-155 with a traffic count of 36,252 VPD, the Property caters to a vast base of consumers reaching south and east of I-75, towards Asheville, NC. Offering major retail draws, a plethora of restaurants, service providers and more; Hamilton Crossing is a one-stop shopping destination which acts as the retail nucleus for the area. The Center is located in Alcoa, TN - just north of Maryville and roughly 14 miles south of Downtown Knoxville – the state’s 3rd largest city. Accessible from an international waterway, Knoxville is positioned at the convergence of the French Broad and Holston Rivers, which form the head of the Tennessee River- a 650 mile-long river navigation channel. Situated at the foothills of the Great Smoky Mountains National Park, Knoxville is the principal city in the Knoxville Metropolitan Statistical Area which is comprised of almost 900,000 people. The city is arguably most famous for being home to the flagship campus of the University of Tennessee, whose sports programs are wildly popular amongst the surrounding population. It is also home to the headquarters for the Tennessee Valley Authority, Oak Ridge National Laboratory and Regal Entertainment Group, and has been named among the “10 Fastest-Growing U.S. Cities” by CNNMoney.com.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
046K-A-002.00
Land Assessment
$2,214,640
Improvements Assessment
$7,424,880
Total Assessment
$9,639,520
  • Listing ID: 13427617

  • Date on Market: 8/8/2018

  • Last Updated:

  • Address: 111-234 Hamilton Crossing Dr, Alcoa, TN 37701

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