Kingston Pike Retail Sale Comp – Aldi

5221 Homberg_ALDI

5221 Homberg Drive
Knoxville, TN 37919
Submarket: Bearden/Papermill/West Town

Land Area (SF): 43,995 SF
Land Area (AC): 1.01 AC

Frontage: 250′ on Homberg Drive
Traffic Count: 22,443
Parking spots: Unknown
Use: Discount Grocery Retailer

Sale Price: $1,475,000
Sale Type: Development
Price/Land SF: $33.53/SF
Price/Land AC: $1,460,396/AC
Sale Date: October 6, 2014
Recorded Buyer: Aldi, Inc.
Recorded Seller: Pike Enterprises
Buyer Broker: Unknown
Seller Broker: The Shopping Center Group

Related Property

5241 Kingston Pike_ALDI

5214 Kingston Pike
Knoxville, TN 37919
Submarket: Bearden/Papermill/West Town

Land Area (SF): 34,995 SF
Land Area (AC): 0.80 AC

Sale Type: Land Lease

Discount grocer Aldi heading to Bearden
The discount grocer, which has built several stores in Knoxville in recent years, is planning a Bearden store in the former Ace Hardware building, at 5214 Kingston Pike.
Read More

Sources: Knox County Register of Deeds Office, Costar, TDOT, Courthouse Retrieval System
Information Deemed Reliable, But Not Guaranteed

Real Estate News Update

LaRosa’s Family Pizzeria opens
A long-standing Cincinnati restaurant of 60 years is coming to Knoxville…
Read More

Bad Daddy’s Burger Bar coming to Knoxville
Charlotte-based Bad Daddy’s Burger Bar will open its first Tennessee location in March at 11638 Parkside Drive.  Read More

UT buys Victorian house on White Avenue for $1.1M
The state Building Commission on Monday approved the University of Tennessee’s purchase — for $1.1 million — of a restored Victorian house at 1302 White Ave.
Read More

Maryville bakery rises to occasion with delicious sandwich options
Just a couple of months ago, they [Foothills Milling Co.] opened an independent bakery operation on East Broadway (also in Maryville), serving homemade breads, pastries and desserts.  Read More

A Raw Deal for Real-Estate Agents
Real estate can be risky for agents themselves. Fickle buyers, unforeseen structural issues, setbacks in financing can all scuttle a deal.  Read More

How to Tell if You’re a Jerk at Work
Most people are blissfully unaware of how they come across in the office. And it can cost them.  Read More

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