RealtyLink Development

Blaze Pizza/Pacific Dental/Murphy USA (Knoxville MSA)

1053-1055 Hunters Crossing Drive
Alcoa, TN 37701

Property: Investment Sales

Square Footage: 7,500

Acreage: 1.51

Price: $5,150,000

Cap Rate: 5.75%

Description:

  • 2018 class A construction and outparcel to high volume Walmart and Lowe’s
  • 10 and 20-year lease terms with rent bumps in year 6 and multiple renewal options
  • Blaze Pizza is one of the fastest-growing U.S. restaurant chains with 270 locations in 40 states
  • Pacific Dental is one of the fastest-growing U.S. private companies with 650 locations in 20 states
  • Murphy USA is a Fortune 500 company with more than 1,440 retail stations in 26 states serving about 1.6 million customers daily
  • Located directly across from Hamilton Crossing—a 175,000 SF center anchored by Ross, Old Navy, Dick’s, Michaels and PetSmart
  • Located 16 miles South of downtown Knoxville, 3 miles South of McGhee Tyson Airport, and 2 miles North of Foothills Mall
  • Knoxville is the 3rd largest city in the state with an MSA population of 900,000 and home to University of Tennessee with over 28,000 students
  • McGhee Tyson Airport has more than 120 daily arrivals/departures, approximately 2,700 employees, and an estimated $1 billion annual economic impact
  • 71,000 population with $67,000 average home income within a 5-mile radius of subject property (2018 data)
  • 36,615 cars per day in front of subject property on U.S. Hwy 129 (2017 data)
  • Alcoa is adjacent to Great Smoky Mountains National Park with 11.34 million visitors in 2017