Building Details

Year Built 2024

Listing Agency: NAI Koella RM Moore - Knoxville

Listed By: Michael Moore · License #TN #324982 Show Phone

Source: Naiglobal

Added: Mar 6 Changed: Jul 6 Last Checked: Sep 2 at 3:17PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Koella RM Moore - Knoxville

Investment Insights

Based on property information with market context.

This retail pad site is situated in the rapidly emerging East Knoxville/Asheville Highway corridor. The location offers exposure to over 35,000 cars daily. Excellent visibility from Asheville Highway is a key feature. Ground lease or shell space opportunities are available. Drive-thru is feasible. The property is located on Asheville Highway.

Key Highlights

• High visibility with exposure to 35,000 cars daily on Asheville Highway.
• Ground lease or strip center availability.
• Drive‑thru feasible.

Property Analytics

Property Profile

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Auto Repair Shop Building Supply Auto Parts Store Pharmacy Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$4.80 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

73

Businesses Nearby

Explore this area Business Placement

Demographics for 37924, TN

12,894

Population

6,052

Households

2.1

Avg Household Size

41

Median Age

28%

College-Educated

91%

High-School Grad

27.9 sq mi

ZIP Area

462

Density / Sq Mi

$73,794

Median Household Income

$40,594

Median Earnings

$1,020

Median Rent

$217,300

Median Home Value

Market

Lease Benchmarks for Knoxville, TN

$24.83 /SF/Yr

Avg Asking Price

$12–$33.99 /SF/Yr

Price Range

4,309 SF

Avg Space Size

This space is priced 29% above the average of $24.83 /SF/Yr.

Vacancy Rate% for Retail in Knoxville, TN

4.6% 2019

5.5% 2020

4.5% 2021

4.3% 2022

4.2% 2023

4.2% 2024

5.1% 2025

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What type of property is this? Where is this retail space located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Retail space with high visibility in emerging Knoxville corridor.

Where is this retail space located?

The property is located at 6240 Asheville Highway Knoxville, TN.

What is the lease rate?

The lease rate is $32 SF/Yr.

What are key features of this property?

This property features: High visibility with exposure to 35,000 cars daily on Asheville Highway.; Ground lease or strip center availability.; Drive‑thru feasible.