Relocated Store – Due to the strong performance & need for additional space, the tenant has relocated from another Clinton Hwy location to the subject property only a half mile away.
Tenant Contributions & Commitment – The tenant made a significant cash investment into this relocation store.
Premier Location – This Clinton Plaza shopping center outparcel is located at a signalized intersection that sees over 28,000 VPD.
Close to the University of Tennessee – Located only 4 miles from the largest university in the state. The University of Tennessee has a student population of over 38,000 and has had one of the largest increases in enrollment since COVID-19.
Absolute Net (Abs.NNN) Ground Lease Structure – Zero landlord responsibilities.
Long Term Lease – Fifteen years remaining in the initial term of the lease.
“A” Rated Investment Grade Credit – This lease is guaranteed by Bridgestone Retail Operations LLC, which is the world’s largest manufacturer of tire & rubber with over 2,200+ stores (BRSO) operations.
5% Rental Increases – Buyer will capitalize on increased returns every 5 years during the initial term of the lease.
High Growth Market – Knoxville has seen a steady population increase each year since 2020 and has continued to be one of the fastest growing counties in Tennessee with a 6.4% increase since COVID-19.
New 2025 Construction – Newly constructed in 2025 for a 6,222-SF building.