Karns Strip Center

E-Commerce Resilience – Tenancy profile is predominantly service oriented, offering resistance to online retail disruption.
Full Occupancy – Karns Strip Center is fully leased and home to a synergistic mix of tenants providing steady income from day one.
Attractive Retail Design – Features prominent signage, ample parking, and high visibility, ideal for tenant success and consumer convenience.
Mark-to-Market Opportunity & Short-Term Leases – With rents averaging $15 PSF gross, Karns Strip Center offers the exceptional opportunity to acquire a fully leased center with real upside in rents and the ability to transition tenants to a NNN lease structure.
Ideal Frontage, Access, and Visibility – Irreplaceable site with exceptional frontage along Oak Ridge Hwy with multiple points of access.
Strip Center Intrinsics – Karns Strip Center embodies the low risk associated with smaller, leasable tenant spaces.
Attractive Price Per Square Foot – Low cost per square foot equates to potential lower risk and upside.
Desirable Tennessee Market – Situated in a tax-free state, offering significant savings and investment appeal.
Affluent Market – The average household income within a 3-mile radius is $74,166.
Population & Household Growth – Consistent year-over-year population growth of 1.50% and household growth of 2.50%.
Located Next to Karns Middle School & Elementary School – Karns Middle School has over 1,000 students and teachers, and Karns Elementary School has nearly 1,500 students and teachers. This is a total of 2,500 students and teachers within a 3-minute drive.
Knoxville Retail Vacancy Rates Remain Low – Knoxville’s retail vacancy rate has consistently been below the national average, driven by strong population growth and consumer spending. The Karns submarket, in particular, has seen increased demand for new retail space.

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Hutt Cooke