• New Construction – construction is set to finish in 2026.
• Nearby to the University of Tennessee – As the largest public institution in the state, the university enrolls over 40,000 students year-over-year, driving consumer spending and consumer traffic in the area.
• Prime Location on Kingston Pike – Positioned on Kingston Pike, the asset benefits from placement within one of the region’s most active retail submarkets, supported by a dense concentration of national retailers, restaurants, and service-oriented uses.
• Adjacent to Tennessee’s Highest-Traffic Mall – Positioned in one of the Southeast’s most dynamic retail submarkets, down the street from West Town Mall, the top-trafficked mall in Tennessee and the most concentrated retail node in East Tennessee.
• High Growth Market – Located in Knoxville, one of the largest and fastest growing cities in Tennessee, has experienced a 20.55% population increase since 2010.
• Surrounded by National and Regional Retailers – National and Regional retailers include Target, Walmart, JCPenney, Old Navy, Chick-Fil-A, McDonalds, Taco Bell & more, reinforcing the location’s regional retail significance.
• Absolute NNN Ground Lease – Zero Landlord responsibilities. Tenant is responsible for roof and structure, as well as taxes, insurance, and maintenance.
• Long Term Lease – Twenty (20) years remaining in the initial term of the lease.
• 10% Rental Increases – Structured rent escalations will allow the buyer to capitalize on increased returns every 5 years during the initial term of the lease and in each renewal period.
• Corporate Guaranteed Lease – The property is leased to Club Car Wash, a recognized express car wash operator with over 250 locations across the United States.