Hunters Crossing
1115 Hunters Crossing, Alcoa, TN 37701, United States
 
The Offering   Property Overview
CBRE is pleased to offer for sale Hunter’s Crossing, a four-tenant retail center in the heart of a vibrant community which is part of the Knoxville, Tennessee metro area. Hunter’s Crossing consist of approximately 18,037 square feet, is 100% leased, and ensconced within a critical mass of national retailers such as Wal-Mart, Lowe’s Home Improvement, Dick’s Sporting Goods, Ross Dress For Less, and many more. In addition, Hunter’s Crossing benefits from its proximity to a newly developed 269-unit upscale apartment community within walking distance. The center has experienced tremendous stability with each of the current tenants in place for over ten years. As a result, the rents are below market and less than what would be required to kick off new construction, creating built-in barriers to entry.

INVESTMENT HIGHLIGHTS
  • Regional Retail Hub
  • Below Market Rents
  • Long-Term Occupancy 
  • University Town
  • Economic Diversity
  • All Leases Recently Renewed
Address:
 
1115 Hunters Crossing, Alcoa, TN 37701
Tenants: 
                                                    
Aaron's Rents, Mattress Direct, Armed Services, Lendmark Financial
Price: $2,550,000
NOI: $202,610
Cap Rate: 7.95%
GLA (SF): ± 18,037
Price PSF:     $141
Occupancy:   100%
Site Size (AC):  ± 2.10
Zoning: E-1 Planned Commercial Unit Development
Parking: 68 Standard / 4 Handicapped

 

CBRE
+1 (615) 248-1161
CBRE
+1 (615) 248-1171