3100 S Mall Rd NE
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
3100 S Mall Rd NE
135,197 SF Retail Building Knoxville, TN 37917 $24,533,000 ($181/SF) 5.50% Cap Rate
Investment Highlights
- Tenant since 2002
- Credit rated national tenant
- 41,018 residents within 3-mile radius
- NNN Lease with 13.1 Years of term remain
- Located off of Highway 25, 69,368 AADT
- $79,809 average HH income within 3-miles
Executive Summary
RIPCO REAL ESTATE is pleased to offer for sale 3100 S. MALL ROAD NE — a 142,092 SF single tenant, triple-net lease retail asset 100% LEASED BY LOWE’S.The property is located in the North submarket of Knoxville, Tennessee, six miles northeast of downtown Knoxville. The property fronts Interstate-640 and is bound by Mall Road South, Millertown Pike, and Washington Pike. Lowe’s is a shadow-anchor to Isaiah’s Landing, a 23-acre retail development that’s home to Cracker Barrel, Wendy’s, Sonic, Walgreens Pharmacy, Home Federal Bank, O’Charley’s Restaurant, and others - and neighbors East Town Crossing, anchored by Home Depot and home to Little Caesars, Avis Rental Car, and other local tenants.
Lowe’s has occupied the property since it was built in 2002 and has 13.1 years left on their current term with eight, five (5) year options remaining on a corporate lease. More than 41,018 residents with an average household income of $79,809 live within three (3) miles of the asset. This location provides Lowe’s with superb visibility, high traffic counts (69,368 AADT), and ease of access from Mall Road South and Millertown Pike.
Lowe’s has occupied the property since it was built in 2002 and has 13.1 years left on their current term with eight, five (5) year options remaining on a corporate lease. More than 41,018 residents with an average household income of $79,809 live within three (3) miles of the asset. This location provides Lowe’s with superb visibility, high traffic counts (69,368 AADT), and ease of access from Mall Road South and Millertown Pike.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
135,197 SF
Building Class
B
Year Built
2002
Price
$24,533,000
Price Per SF
$181
Cap Rate
5.50%
NOI
$1,349,266
Tenancy
Single
Building Height
1 Story
Loading Docks
3 Exterior
Building FAR
0.22
Lot Size
13.90 AC
Zoning
commercial
Parking
976 Spaces (4.16 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 059LG-009 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $4,472,800 |
PROPERTY TAXES
Parcel Number
059LG-009
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,472,800
1 of 13
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
3100 S Mall Rd NE
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.