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Partnership. Performance.
The information contained herein was obtained from sources deemed to be reliable and is believed to be true; it has not been verified and as such, cannot be warranted nor form any part of any future contract. Date of publication: 04/26/16
6005 Lonas Drive | Suite 220 Knoxville, TN 37909 865.450.8883
For further information or to schedule a tour, please contact:
avisonyoung.com
©2015 Avison Young. All rights reserved.
Troy Zawadzki, Associate 865.474.8788 [email protected]
Justin Cazana, CCIM, SIOR, Principal 865.617.2989 [email protected]
Property Overview• 1.57 ac retail development site available for lease
• Highly visible location on largest available site on Kingston Pike
• Great demographics in Knoxville’s retail corridor
6909KINGSTON PIKEKNOXVILLE, TN
The information contained herein was obtained from sources deemed to be reliable and is believed to be true; it has not been verified and as such, cannot be warranted nor form any part of any future contract. Date of publication: 04/26/16
For further information or to schedule a tour, please contact:
avisonyoung.com
©2015 Avison Young. All rights reserved.
6005 Lonas Drive | Suite 220 Knoxville, TN 37909 865.450.8883
Troy Zawadzki, Associate 865.474.8788 [email protected]
Justin Cazana, CCIM, SIOR, Principal 865.617.2989 [email protected]
6909-6911 KINGSTON PIKE
FOR LEASE
2015 DEMOGRAPHICSPOPULATION 1 MILE 3 MILE 5 MILE
2015 Population 5,169 57,923 130,763
2020 Population 5,325 59,841 135,714
2015-2020 Annual Rate 3.02% 3.31% 3.79%
HOUSEHOLDS
2015 Total Households 2,644 26,507 56,725
2020 Total Households 2,721 27,930 58,908
2015-2020 Annual Rate 2.91% 3.33% 3.85%
INCOME
2015 Avg. Household Income
$79,769 $74,098 $74,374
Location Highlights• 28,891 Kingston Pike traffic count
• 187,304 Interstate 40/75 traffic count
• Knoxville’s most traveled road, Kingston Pike, serves as a the main retail thoroughfare
• Located less than two miles from West Town Mall, a regional shopping desination
The information contained herein was obtained from sources deemed to be reliable and is believed to be true; it has not been verified and as such, cannot be warranted nor form any part of any future contract. Date of publication: 04/26/16
For further information or to schedule a tour, please contact:
avisonyoung.com
©2015 Avison Young. All rights reserved.
6005 Lonas Drive | Suite 220 Knoxville, TN 37909 865.450.8883
Troy Zawadzki, Associate 865.474.8788 [email protected]
Justin Cazana, CCIM, SIOR, Principal 865.617.2989 [email protected]
6909-6911 KINGSTON PIKE
FOR LEASE
West Town Mall: Simon owned regional mall
Center at Deane Hill: Food City, Kohl’s, Old Navy, Bed Bath & Beyond
Downtown West Village: Salon Visage, Spa Visage, Hibachi Factory
Papermill Plaza: Whole Foods, ULTA, Jimmy John’s, REI
Olde Kingston Towne: TJ Maxx, Ross, HomeGoods
Suburban Plaza: Barnes & Noble, Toys “R” Us, Trader Joe’s
The Gallery: Chili’s, Tomato Head, FedEx Office, Sports Seasons
TargetRE
TAIL
WIT
HIN
2 M
ILES
The information contained herein was obtained from sources deemed to be reliable and is believed to be true; it has not been verified and as such, cannot be warranted nor form any part of any future contract. Date of publication: 04/26/16
For further information or to schedule a tour, please contact:
avisonyoung.com
©2015 Avison Young. All rights reserved.
6005 Lonas Drive | Suite 220 Knoxville, TN 37909 865.450.8883
Troy Zawadzki, Associate 865.474.8788 [email protected]
Justin Cazana, CCIM, SIOR, Principal 865.617.2989 [email protected]
6909-6911 KINGSTON PIKE
FOR LEASE
1 WEST TOWN MALLMajor retailers: Belk, Dillard’s JCPenney, Sears, Regal Cinemas,The Cheesecake FactoryGLA: 1,335,000 SF
2 HOTELSExtended Stay America: 72 roomsHampton Inn: 120 roomsCourtyard Marriot at Brookview: 124 roomsHoliday Inn: 135 rooms
3 RETAIL CENTERS
Center at Deane Hill: Food City, Kohl’s, Old Navy, Bed Bath & Beyond, PetsmartDowntown West Village: Salon Visage, Spa Visage, Hibachi FactoryPapermill Plaza: Whole Foods, ULTA, Jimmy John’s, REIOlde Kingston Towne: TJ Maxx, Ross, HomeGoodsSuburban Plaza: Barnes & Noble, Toys “R” Us, Trader Joe’sThe Gallery: Chili’s, Tomato Head, FedEx Office, Sports SeasonsTarget
4 APARTMENT COMPLEXESBriarcliff at West Hills/Tiffany Square: 400 unitsDeane Hill Apartments: 272 luxury unitsLondontown Villas: 400 unitsThe Willows: 250 unitsWindrush Apartments: 192 units
5 CORPORATE HEADQUARTERS
Bush Brothers & Company: 450 employeesPilot Corporation: 14,000 employees nationwideUS Dept. of Energy–Oak Ridge: 13,925 area employeesScripps Networks: 850 employees
6 MAJOR OFFICE COMPLEXES
Brookvale: Two buildings, 85,000 SFBrookview Town Centre: $50 million mixed-usedevelopment;190,000 SF office and retail spaceLandmark Center: Two buildings, 182,000 SF
7 SINGLE-FAMILY RESIDENTIALBennett Place: $600K–$700KHighland Court: $190K–$290KOld Westmoreland: $500K–$2.5MSaint Andrew: $350K–$500KSherwood Oaks: $550K–$2MWellsley Park: $500K–$700KWest Hills: $180K–$350KWestlyn Hills: $200K–$1.5MWestminster Place: Average price $250KWestmoreland Court: $250K–$450KWestmoreland Estates: $350K–$650KWestmoreland Hills: $450K–$700K
ARE
A M
AP
The information contained herein was obtained from sources deemed to be reliable and is believed to be true; it has not been verified and as such, cannot be warranted nor form any part of any future contract. Date of publication: 04/26/16
For further information or to schedule a tour, please contact:
avisonyoung.com
©2015 Avison Young. All rights reserved.
6005 Lonas Drive | Suite 220 Knoxville, TN 37909 865.450.8883
Troy Zawadzki, Associate 865.474.8788 [email protected]
Justin Cazana, CCIM, SIOR, Principal 865.617.2989 [email protected]
6909-6911 KINGSTON PIKE
FOR LEASE
Knoxville OverviewKnoxville is recognized as one of the best cities in the U.S. for business and careers according to this year’s rankings by Forbes magazine. The city placed fifth overall among 200 competitors, earning high marks in job growth, cost of living, income growth, and other community indicators. Expansion Management magazine’s list of hottest cities for business expansions and relocations ranked Knoxville ninth in the nation.
Knoxville’s favorable business climate has fostered an economy driven by health and education services, retail trade, government andmanufacturing.
Tennessee’s Top 5 ranking in Site Selection magazine’s “Best Business Climate” list is evident by the latest growth. The county’s low unemployment rate, which consistently outperforms the national average, and the city’s livability rankings make Knoxville a huge commercial contender in an improving real estate market. Knoxville has been ranked 6th by Forbes magazine among “Best Cities for Jobs” and 2nd by the Brookings Institute for “Green Job Growth.” East Tennessee has also been branded “Innovation Valley” due to the business-friendly values, location and technological resources.
MAJOR EMPLOYERSEmployer # Employees
US Dept. of Energy 11,877
Convenant Health 9,122
Knox County Schools 7,066
University of Tennessee 6,550
McGhee-Tyson Airport 4,897
University Heath Systems 4,061
DENSO Manufacturing 3,400
Tennova Healthcare 3,124
Knox County Government 2,991
State of Tennessee 2,808
Clayton Homes / 21st Mortgage Corp.
2,631
Tennessee Valley Authority 1,538
CVS Caremark Corp. 1,524
Pilot / Flying J 1,451
Scripss Networks Interactive 1,450
Team Health 1,442
The information contained herein was obtained from sources deemed to be reliable and is believed to be true; it has not been verified and as such, cannot be warranted nor form any part of any future contract. Date of publication: 04/26/16
For further information or to schedule a tour, please contact:
avisonyoung.com
©2015 Avison Young. All rights reserved.
6005 Lonas Drive | Suite 220 Knoxville, TN 37909 865.450.8883
Troy Zawadzki, Associate 865.474.8788 [email protected]
Justin Cazana, CCIM, SIOR, Principal 865.617.2989 [email protected]
6909-6911 KINGSTON PIKE
FOR LEASE
Knoxville Market AnalysisKnoxville’s market has several contributing factors to its strong office and employment trends, particularly in the wake of the national economic recession. The Tennessee Department of Labor and Workforce Development reported the unemployment rate in Knox County at 4.8% (April, 2015), noticeably lower than the state’s overall rate at 6.0%. Leasing momentum remains strong with several tenants in the market for large space requirements. Knoxville is the location of choice for city government, law firms, professional service firms, the entertainment industry and healthcare industry.
RETAIL MARKET FAST FACTS
• Steady job growth both historically & projected
• Economy anchored by historically stable and growing industry sectors- healthcare, education, and entertainment
• Diverse economy which insulates the region from significant swings in economic conditions
• Perfect office location and building prestige to attract corporate and local users
• Home to the highly desirable technology corridor, Innovation Valley
• Large employers within the Innovation Valley/ Cedar Bluff area include Scripps Networks Interactive and University Health Systems
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