272 North Peters Road

Knoxville, TN 37923

Listing ID: 197090
$4,263,000
For Sale
  • Property Type Retail : Shopping Center
  • Lot Size Acres 1.400
  • Building Sq Ft 21,490
  • Building Price per Sq Ft $198.37
  • Land Sq Ft 60,983
  • Land Price per Sq Ft $69.90
Description

Description

This center offers a mix of national and regional credit tenants with term left on lease. High visibility and proximity to the interstate brings tremendous exposure to tenants. Combined traffic counts exceed 200,000 cars daily.

The Cedar Bluff/North Peters area is an area hub for goods and services. Major big box and national inline retailers have a strong presence within 1/2 mile. Recent business to open in the area include Main Event, Kroger Super Center, Conn's, Lowe's, Best Buy among many others as long-time presences.

Highlights

Fully Occupied, Multi Tenant NNN Retail Investment Property

7.5% Cap Rate

Interstate Visibility and Tremendous Traffic Counts

Three Main Tenants Have 5+ years Remaining on Their Leases

Surrounded by Strong National and Local Retailers, Restaurants, and Entertainment

New Roof on a Portion of the Building

Listing Demographics

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population6,75558,768128,990
Population Median Age363939
Population by Age0-9 Yrs846 (12%)6803 (11%)15915 (12%)
10-19 Yrs591 (8%)6246 (10%)15375 (11%)
20-29 Yrs1693 (25%)9532 (16%)18503 (14%)
30-39 Yrs1141 (16%)8650 (14%)18664 (14%)
40-49 Yrs624 (9%)7251 (12%)16646 (12%)
50-59 Yrs636 (9%)7383 (12%)16903 (13%)
60-69 Yrs478 (7%)6503 (11%)14052 (10%)
70+ Yrs747 (11%)6399 (10%)12932 (10%)
Median HH Income$53,220$69,990$72,991
Total Household Income< 24K541 (18%)3569 (14%)7509 (14%)
25-49K847 (28%)5056 (20%)10180 (19%)
50-74K602 (20%)4375 (17%)9090 (17%)
75-99K311 (10%)3469 (14%)7840 (14%)
100-199K551 (18%)6100 (24%)13370 (25%)
200K+124 (4%)1935 (7%)4316 (8%)
Highest Education LevelNo Diploma39920174131
Diploma or GED832669315284
Some College1012796516484
Assoc. Degree37435407572
Bachelors Degree12521240027113
Higher Degree920879218703
Total Housing Units3,43226,72956,457
--Owner-Occupied94014,82634,448
--Renter-Occupied2,0369,67817,858
Owner-Occupied Values< 100K599382280
100-199K392551312859
200-299K306516210791
300-399K10918064128
400-499K426621946
500K+347452443
Total Working Age Population5,51247,931103,168
In Work Force3,61533,07370,917
Not In Work Force1,89614,85832,251
Workforce Employed3,47031,68968,320
Workforce Unemployed1451,3182,503
Civlian Workforce3,61533,00870,823
Military Workforce06595
Total Households2,97624,50452,306
Family Households1,43214,92533,570
Non-Family Households1,5449,58018,735
Married Couple1,20512,10227,277
Other Family2272,8226,294
Married w/Child4834,70811,266
Single Male w/Child7246732
Single Female w/Child1021,1002,588

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Tennessee5,689,283+126,346,105+96,886,369+77,393,069
Knox County382,032+13432,226+10473,996+8513,318
Blount County105,823+16123,010+9133,808+8143,918

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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