For Sale
$7,286,057

9253 Kingston Pike Knoxville, TN 37922

Knoxville retail center, 8 tenants, 7% cap rate

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional Class A, multi-tenant retail property, The Landings at Cedar Bluff, presents a compelling investment opportunity. Located at 9253 Kingston Pike in Knoxville, Tennessee (37922), this 17,769 square foot center boasts a prime location on a major thoroughfare, directly off Interstate 40 and minutes from downtown. The property features two buildings on a 0.64-acre lot, constructed in 2012. Currently housing eight tenants under NNN leases, with a franchisee tenant credit, the property enjoys 100% occupancy, generating a strong pro-forma NOI of $510,024 and a 7.00% cap rate. The stabilized investment offers a fee simple ownership structure and is suitable for a 1031 exchange. Its strategic location within Knoxville's retail core, adjacent to major retailers like Kroger, Home Depot, Lowe's, and others, ensures consistent high traffic and strong tenant demand. The property's strong financial performance, coupled with its desirable location and tenant mix, makes it an attractive investment for discerning buyers. The APN is 132 02806. Asking price is $7,286,057.

Highlights

  • 17,769 SF multi-tenant retail building in a Kroger-anchored center.
  • High-income area in Knoxville, TN.
  • Eight NNN tenants with 100% occupancy.

Property Details for 9253 Kingston Pike

Property type
Lifestyle centers, Power centers
Square Feet
17,769 SF
Class
A
Year Built
2012
Buildings
2
Lot Size (sq. ft)
27,878 SF
Units
8

Location Insight

City
Knoxville
County
Knox
State
Tennessee
Latitude
35.9124571
Longitude
-84.09012

FAQs

What type of property is this?
Lifestyle center - Knoxville retail center, 8 tenants, 7% cap rate
Where is the lifestyle center located?
The property is located at 9253 Kingston Pike Knoxville, TN.
What is the asking price?
The asking price for this property is $7,286,057.
What are key features of this property?
This property features: 17,769 SF multi-tenant retail building in a Kroger-anchored center.; High-income area in Knoxville, TN.; Eight NNN tenants with 100% occupancy.
How can I contact the broker?
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9253 Kingston Pike
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