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$3,900,000
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| | Land Acres | 10.34 | |
| | GLA | 102,596 | |
| | Building S.F. | 102,596 | |
| | Percent Occupied | 91.99 % | |
| | Market | Knoxville | |
| | Sub Market | Maryville | |
| | No. of Buildings | 1 | |
| | No. Stories | 1 | |
| | Year Built | 1985 | |
| | Parking Ratio | 5.50:1,000 | |
| | No. of Parking Spaces | 565 | |
| | Location Class | A | |
| | Building Class | B | |
| | Shadow Anchored | Foothills Mall | |
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501 Foothills Plaza Maryville, TN 37801
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Property Description
Foothills Plaza, located in Maryville, Tennessee, is part of the Knoxville, Tennessee MSA, an area with a population of 616,079. The property is located on one of Maryville’s major retail corridors adjacent to Foothills Mall, a CBL property, anchored by JC Penney and Sears. Foothills Plaza is a 102,000 SF, two-tenant retail property leased to Hobby Lobby and Hastings, both national tenants. The seller completed a roof replacement in Q2 2008 at an approximate cost of $300k. Additionally, both tenants recently extended the current term of their leases to 7/31/2017 and 1/31/2016, respectively. The property is situated on 10.34 acres, leaving open the possibility of the creation of an outparcel with frontage. This property offers investors upside potential in a great location, with long-term leases with national tenants, at a very low price/SF.
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Location Description
Located in beautiful Blount County, Tennessee, the City of Maryville has 25,000 residents and encompasses 14.9 square miles. Maryville is minutes from the Great Smoky Mountains National Park, Knoxville and McGhee Tyson Airport. In addition, Maryville is the home of the new Blount County Library.
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