6725 Malone Creek Dr Knoxville, TN 37931

Property Details for 6725 Malone Creek Dr

Property type

Neighborhood centers

Property subtype

Retail properties

Description

This exceptional retail opportunity presents a 2,100 square foot space within the Shadow Center at Grassy Creek Development in Knoxville, Tennessee. Located at 6725 Malone Crk Dr, 37931, this is the last remaining first-generation space in a thriving shopping center experiencing 1.3 million visits in 2024. The center is anchored by a Food City grocery store, opened in the first quarter of 2021. Food City, part of KVAT Food Stores, is a major regional grocer with significant market presence. This property benefits from an excellent location at the intersection of Oak Ridge Highway and Schaad Road. Oak Ridge Highway (TN-62) has recently undergone a five-lane widening, improving connectivity to downtown Knoxville and Karns. Schaad Road, a new five-lane ring road, is nearing completion in 2024, connecting I-75 and I-40/75, and will significantly increase traffic counts to a projected 52,910 vehicles per day (VPD) upon completion, according to CDM Smith TIA. The area boasts strong growth potential, with over 2,376 new homes approved in the trade area, making this one of the few remaining areas in Knox County with developable land for residential expansion. The property offers easy access and high visibility due to new project roads with signalized intersections at Oak Ridge Highway and Schaad Road. This location serves the expanding Karns community and provides convenient access for employees in the Central Business District, Pellissippi Technology Corridor, Oak Ridge National Laboratory/DOE Installation, and the University of Tennessee. The space is a warm shell, ready for tenant build-out.

Location Insight

City

Knoxville

County

Blount

State

Tennessee

Longitude

-84.0467

Latitude

35.9869