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5312 Washington Pike
Knoxville, TN 37918

$9,117,000 USD

Freestanding For Sale  •  86,584 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 86,584 SF
  • Lot Size 32.66 AC
  • Building Class B
  • Year Built 1997
  • Cap Rate 6.65 %
  • Tenancy Single
  • Zoning C6
27 Transit Score
35 Walk Score

Highlights

Corporate Guaranteed Triple Net (NNN) Investment With Over 8-Years Remaining on the Lease
Kohl's Recently Extended its Lease, Demonstrating its Commitment to the Location
Cell Tower Located on the Property That is Paying $31,300 Annually With 3% Annual Increases*
Property Sits on a 32.655 Acre Parcel With Over 500 Parking Spots
Located 15 Minutes From the University of Tennessee and Downtown Knoxville
Population of Over 114,000 Within a 5-Mile Radius of the Property
Cap Rate: 6.65 %

Major Tenants

Tenant SF Occupied Lease End Date
Kohl's 86,584 SF 1/31/2033

Public Transportation

AirportDriveWalkDistance
McGhee Tyson 40 min - 22.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 508
Type: Surface
Included in Rent: Yes
Clifton McCrory 540-255-5496 Sands Investment Group
Clifton McCrory 540-255-5496 Sands Investment Group