FOR SALE MERCEDES PLACE
FOR SALE
MERCEDES PLACE 4835 Kingston Pike Knoxville, TN
$ 3,425,000
PROPERTY H IGH LIGH TS
Westwood Antiques
• ● Anchored by Panera Bread - New 5 Year Extension Main Building
• ● Fully Leased Center with an excellent tenant mix, with upside by leasing the ATM • ● Excellent Location: surrounded by Kroger, The Fresh Market, and Earth Fare • ● 7 Tenants = Ease of Management • ● Limited Competition, in a tight market with minimal vacancy • ● Strong Demographics: Nearly 142,000 people living within 5 miles
OVERVIEW With only 7 tenants, this center provides ease of management and excellent returns to investors, with additional upside obtained through leasing the ATM on the property. Mercedes Place is well located on Kingston Pike, which is the main corridor in this part of Knoxville, with 16,568 cars passing per day. The property is in very good condition, and the parking lot was recently re-sealed and re-stripped, giving the property a fresh look. There is limited competition in the area, with minimal vacancy. The building was constructed in 1999, and is located on 3.68 acres.
DEMOGRAPHICS 1 MILE
3 MILE
5 MILE
POPULATION 5,705 45,441 141,981 HOUSEHOLDS 2,887 19,111 60,041 AVG HH. INCOME $63,884 $63,104 $56,602
Elliott Kyle 404.812.8927 [email protected] The information contained herein is believed to be accurate: however Skyline Seven Real Estate makes no guarantees, warranties or representations as to the completeness and accuracy thereof. The presentation of this property is subject to errors, emissions and change of price conditions prior to the sale of lease or withdrawal without notice.
MERCEDES PLACE 4835 Kingston Pike Knoxville, TN
$ 3,425,000
PROPERTY H IGH LIGH TS
Westwood Antiques
• ● Anchored by Panera Bread - New 5 Year Extension Main Building
• ● Fully Leased Center with an excellent tenant mix, with upside by leasing the ATM • ● Excellent Location: surrounded by Kroger, The Fresh Market, and Earth Fare • ● 7 Tenants = Ease of Management • ● Limited Competition, in a tight market with minimal vacancy • ● Strong Demographics: Nearly 142,000 people living within 5 miles
OVERVIEW With only 7 tenants, this center provides ease of management and excellent returns to investors, with additional upside obtained through leasing the ATM on the property. Mercedes Place is well located on Kingston Pike, which is the main corridor in this part of Knoxville, with 16,568 cars passing per day. The property is in very good condition, and the parking lot was recently re-sealed and re-stripped, giving the property a fresh look. There is limited competition in the area, with minimal vacancy. The building was constructed in 1999, and is located on 3.68 acres.
DEMOGRAPHICS 1 MILE
3 MILE
5 MILE
POPULATION 5,705 45,441 141,981 HOUSEHOLDS 2,887 19,111 60,041 AVG HH. INCOME $63,884 $63,104 $56,602
Elliott Kyle 404.812.8927 [email protected] The information contained herein is believed to be accurate: however Skyline Seven Real Estate makes no guarantees, warranties or representations as to the completeness and accuracy thereof. The presentation of this property is subject to errors, emissions and change of price conditions prior to the sale of lease or withdrawal without notice.
