Retail•Specialty•For Sale


4515 Clinton Highway, Knoxville, Tennessee 37912

Sale Price $5,135,000 ($177.19 /SqFt)
Sale Type Investment
Bldg Type Single-Tenant
Class B
Status Existing
Year Built 1986
Stories 1
Cap Rate 6.00%
Gross Bldg 28,980 SqFt
RBA 28,980 SqFt
Market Knoxville
28,980-square-foot Nissan dealership situated on 5.72 acres in Knoxville, Tennessee. Fenton Nissan recently signed a 10-year lease and has ±8.3 years remaining with three 3-year options to renew. The property is ideally positioned with excellent frontage on Clinton Highway (Traffic Count: 25,841 VPD), about a half-mile from the junction of I-75 and I-640 (Combined Traffic Count: 158,372 VPD). The location also benefits from its location within a cluster of other auto dealerships near one of the city' s primary commercial and residential corridors with 5.2 MSF of retail, 3.2 MSF of office, 8.5 MSF of industrial and 6,811 multifamily housing units within a 3-mile radius. Other major retailers with a presence in the immediate area include Ingles, CVS, Walgreens, Advance Auto Parts, O' Reilly Auto Parts, NAPA Auto Parts, Dollar General, Family Dollar, Sprint, Food City, Ace Hardware, SunTrust Bank, BB&T, Red Lobster, Outback Steakhouse, Cracker Barrel, Applebee' s, IHOP, McDonald' s, Burger King, Arby' s, Jimmy John' s, Waffle House and Starbucks among many others. The property is just 5 miles from the University of Tennessee (Enrollment: 27,845), and benefits from strong demographics KNOXVILLE, TENNESSEE Knoxville is located in the eastern portion of Tennessee and lies in the shadows of the Great Smokey Mountains and Cumberland Mountains. The Knoxville Metropolitan Statistical Area (MSA) has a population of 857,585 and is comprised of Anderson, Blount, Campbell, Grainger, Knox, Loudon, Morgan, Roane, and Union counties. The third largest metropolitan area in Tennessee, Knoxville is perhaps one of the most scenic cities in the country and provides endless opportunities for recreation and outdoor lifestyle. The cost of living in Knoxville, nearly 13 percent below

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2/8/2018 12:00:00 AM 2/14/2018 8:42:27 PM


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