Kingston Pike Sale Comp – Bearden Hill

Valvoline_4.20.15

 

 

6700 Kingston Pike
Knoxville, TN 37919
Submarket: Papermill/Bearden/West Town

+/-   2,576 square foot building
Land Area (SF): 16,191 SF
Land Area (AC): 0.37 AC

Frontage: 145′ on Kingston Pike
Traffic Count: 28,981 AADT
Parking spots: approx. 12
Use: Oil Change Service Station

Sale Price: $667,627
Sale Type: Investment
Price/SF: $259.17/SF
Price/Land SF: $41.23/SF
Price/Land AC: $1,804,397.30/AC
Sale Date: March 9, 2015
Recorded Buyer: Ashland Inc
Recorded Seller: Four Ten Investments LLC
Buyer Broker: N/A
Seller Broker: N/A
Occupancy at time of sale: 100%

Sources: Knox County Register of Deeds Office, Costar, Courthouse Retrieval System, KGIS, TDOT

Information Deemed Reliable, But Not Guaranteed

Real Estate News Update

Diocese breaks ground for new cathedral
While the rain kept many inside Sunday, some people braved the weather for a higher calling. The groundbreaking ceremony for a new, nearly $30 million cathedral for the Roman Catholic Diocese of Knoxville was attended by a few hundred Knoxville-area residents and community leaders.    Read More

Wilson Fine Gardens expands into retail
Sometimes it’s worth a trip off the main road.
That’s where Greg Wilson said he found the perfect place to expand his landscaping and horticultural services business to include a boutique retail shop and garden center.
Read More

A Bowling Alley on Gay Street? Yes! Maple Hall Coming Soon
You’ve heard the rumors about a bowling alley. I sat down with the owners of the business to get the facts about the new business. They aren’t the most likely friends to open the first downtown bowling alley in Knoxville’s history.    Read More

Auto-related jobs boosting pay of ET workers
Automotive manufacturing is not the dirty job it used to be, says Randy Boyd, the longtime Knoxville business executive who’s now Tennessee’s commissioner of economic and community development.    Read More

Introducing “Shedquarters”: The Hot New Trend Home-Based Business Owners Are Drooling Over
Space-efficient work spaces are becoming all the rage these days. They’re great for maintaining privacy and uninterrupted workflow, and they can also be cozy and stylish as well. Here are some examples of a growing trend of miniature studios (for offices and living structures), that are small enough to fit in someone’s back yard.    Read More

In NYC, debate over saving small shops amid chains’ rise
Looking for a “Seinfeld”-style coffee shop? It’s sharing the city with 280 Starbucks and more than 530 Dunkin Donuts. A good neighborhood deli? It’s competing with some 460 Subways. And the corner store may well now be a Chase bank or Walgreens.
Read More

 

Kingston Pike Investment Sale Comp – Denton’s

6914 Kingston Pike_Denton's

6914 Kingston Pike
Knoxville, TN 37919
Submarket: Papermill/Bearden/West Town

Photo Mar 16, 2 48 07 AM

+/-  2,695 square foot building
Land Area (SF): 31,265 SF
Land Area (AC): 0.72 AC

Frontage: 132′ on Kingston Pike
Traffic Count: 28,981 AADT
Parking spots: approx. 30
Use: Restaurant

Sale Price: $840,000
Sale Type: Investment
Price/SF: $311.69/SF
Price/Land SF: $26.87/SF
Price/Land AC: $1,166,666.67/AC
Sale Date: February 28, 2015
Recorded Buyer: B&G Property LLC
Recorded Seller: Deborah Knight and Leonard Knight
Buyer Broker: N/A
Seller Broker: N/A
Occupancy at time of sale: 100%

Sources: Knox County Register of Deeds Office, Costar, Courthouse Retrieval System, KGIS, TDOT

Information Deemed Reliable, But Not Guaranteed

Real Estate News Update

CVMR Corp. to move to Oak Ridge, create 620 jobs
Gov. Bill Haslam told a crowd of more than 200 gathered in the former Theragenics building in Oak Ridge’s Horizon Center Business Park that high-tech metal powder processing firm, CVMR Corp., is moving its global headquarters from Toronto to Roane County.   Read More

Freddie Mac Economist Expects Best Year for Housing Since ’07
A big reason for the bright outlook for the housing market is improved job prospects for those ages 25 to 34, commonly known as millennials.   Read More

15 Restaurants In Knoxville That Will Blow The Tastebuds Out Of Your Mouth
Who knew the Heart of the Valley was such a great place to dine?
Read More

A grocery chain no one talks about is becoming Whole Foods’ biggest threat
Whole Foods and Trader Joe’s are often praised for reinventing the grocery business. But Kroger is thriving in a difficult market for grocery stores.   Read More

MPC OK’s expansion for Boys & Girls Clubs
The Boys & Girls Clubs of the Tennessee Valley got Metropolitan Planning Commission approval Thursday to expand its Baxter Avenue facility, although a neighborhood resident raised some concerns.   Read More

Chick-Fil-A Is Opening Its Biggest Store Ever…In a Place It’s Never Gone Before
With 1,850 locations in 41 different states and almost a half century of operations, Chick-Fil-A has become a fixture of American fast-food. But, the Atlanta-based chain still lacks one significant accomplishment on its resume: a standalone restaurant in New York City.
Read More

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

Kingston Pike Sale Comp – Bella Boutique

Bella aerial

6484 Kingston Pike
Knoxville, TN 37919
Submarket: Papermill/Bearden/West Town

BellaBoutique

+/- 9,990 square foot building

Frontage: 140′ on Kingston Pike
Traffic Count: 28,981 AADT
Parking spots: Unknown
Use: Retail

Sale Price: $1,450,000
Sale Type: Investment
Price/SF: $145/SF
Sale Date: January 30, 2015
Recorded Buyer: Bearden Hill Partnership
Recorded Seller: YAZCO, LLC
Buyer Broker: N/A
Seller Broker: Oliver Smith – Oliver Smith Realty & Auction Co.
Occupancy at time of sale: 100%

Sources: Knox County Register of Deeds Office, Costar, Courthouse Retrieval System, KGIS, TDOT

Information Deemed Reliable, But Not Guaranteed

Related Articles

El Charro – Bearden
A popular Mexican restaurant in Bearden has a new landlord, and a new game plan.
Read More

News Update

Gus’s Fried Chicken says it’s coming to Knoxville
Gus’s Fried Chicken announced Wednesday that it plans to open eight new locations nationwide this year.  Read More

Holly’s 135 Officially Opens in the Middle of an Ice Storm
I hope it’s smoother sailing for the restaurant after their first day. They opened at 11:00 AM on Monday and by noon ice was falling from the sky in prodigious amounts.  Read More

Crowded Classes Test the Zen of Yoga
Rising popularity has made yoga studios a downward dog eat downward dog world.
Read More

Whole Foods’ Growing Store Count Will Accelerate The Company’s Financial Performance
Whole Foods Market recently exceeded the 400-store mark and estimates to reach 500 stores during fiscal year 2017, and forecast the long-term demand for 1,200 Whole Foods Market stores in the United States.  Read More

The U.S. Economy According to the White House in 10 Charts
The Economic Report of the President…  Read More

Kingston Pike Retail Sale Comp – 11200 Kingston Pike

11200KingstonPike_TNBank

11200 Kingston Pike
Knoxville, TN 37934
Submarket: Campbell Station/Farragut

+/-4,597 square feet total
Land Area (SF): 48,524 SF
Land Area (AC): 1.08 AC

Frontage: 134′
Traffic Count: 31,176 (2012)
Parking spots: 25
Use: Bank

Sale Price: $1,082,500
Sale Type: Unknown
Price/SF: $235.48/SF
Price/Land SF: $22.31/SF
Price/Land AC: $1,002,315/AC
Sale Date: March 14, 2014
Recorded Buyer: TNBank
Recorded Seller: James Biddle and Mary Biddle
Buyer Broker: Unknown
Seller Broker: Unknown
Occupancy at time of sale: +/- 100%

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

Sale Comp | Hardin Valley Shopping Center, Knoxville, TN

Hardin Crossing

10616HardinValleyAerial_SOLD_NAIKnoxvilleBrianTapp

10612 Hardin Valley Road
Knoxville, TN 37932
Submarket: Pellissippi/Lovell

11,314 square feet total
Land Area (SF): 64,033 SF
Land Area (AC): 1.47 AC

Frontage: 232′
Traffic Count: 20,620 (2012)
Parking spots: 85
Use: Retail, Restaurant
Year Built: 2008

Sale Price: $1,200,000
Sale Type: Investment
Price/SF: $106/SF
Price/Land SF: $18.74/SF
Price/Land AC: $816,329/AC
Sale Date: March, 2014
Recorded Buyer: Hardin Valley Crossing, LLC
Recorded Seller: LSREF2 Baron, LLC
Buyer Broker: Hawk Commercial
Seller Broker: NAI Knoxville – Brian Tapp, CCIM
Occupancy at time of sale: +/- 49%
Tenants: Subway, Snappy Tomato Pizza, 9 Round, US Nail

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

Kingston Pike Retail Sale Comp – Former Wendy’s

Zaxby's Coming Soon

Image 3-5-14 at 10.34 AM

6913 Kingston Pike
Knoxville, TN 37919
Submarket: Papermill/Bearden/West Town
Land Area (AC): 0.54 AC

Frontage: 139.63′
Traffic Count: 32,514 (2009)
Use: Free standing restaurant – Development of a new Zaxby’s

Sale Price: $938,000
Sale Type: Development
Price/Land SF: $40/SF
Price/Land AC: $1,742,623/AC
Sale Date: December 13, 2013
Recorded Buyer: BJZ IV, LLC
Recorded Seller: Cadace Cappiello Trustee
Buyer Broker: Unknown
Seller Broker: Tony Cappiello
Occupancy at time of sale: +/- 0%

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

Kingston Pike Retail Sale Comp – Former Tweeter

Commercial Real Estate

8416 Kingston Pike
Knoxville, TN 37919
Submarket: Cedar Bluff/Walker Springs

12,285 square feet total
Land Area (SF): 42,327 SF
Land Area (AC): 0.97 AC

Frontage: 163′
Traffic Count: 29,590 (2009)
Parking spots: 15
Use: Free standing retail

Sale Price: $1,580,000
Sale Type: Owner/Occupied
Price/SF: $128.61/SF
Price/Land SF: $37.33/SF
Price/Land AC: $1,628,865/AC
Sale Date: February 13, 2014
Recorded Buyer: 3001 Bristol Highway, LLC d/b/a Smartway Rentals
Recorded Seller: Morgan Schubert Jr., co-trustee; John Schubert, co-trustee, Reese Thomas, co-trustee, James Nixon II, co-trustee, David Fiser, John Osborne, co-trustee and Caroline Osborne
Buyer Broker: Unknown
Seller Broker: Unknown
Occupancy at time of sale: +/- 0%

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

Kingston Pike Retail Sale Comp – The Shops at Bearden Place

Retail Commercial Shopping Center

Recent Commercial Property Sale in Bearden

The Shops at Bearden Place

5803 – 5809 Kingston Pike
Knoxville, TN 37919
Submarket: Bearden/Papermill/West Town

Shopping Center

The Shops at Bearden Place

8,648 square feet total (two buildings)
Land Area (SF): 40,946 SF
Land Area (AC): 0.94 AC

Frontage: 200′
Traffic Count: 35,749 (2012)
Parking spots: 30
Use: Retail, Restaurant

Sale Price: $1,156,050
Sale Type: Investment
Price/SF: $133.68/SF
Price/Land SF: $28.23/SF
Price/Land AC: $1,229,852/AC
Sale Date: 2014
Recorded Buyer: Bearden Place, LLC
Recorded Seller: About Face Properties, LP
Buyer Broker: Unknown
Seller Broker: Unknown
Occupancy at time of sale: +/- 70%
Tenants: Fleenor’s Hair Design, Echo Bistro and Wine Bar, State Farm, Suzani Styles

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