Kohl's Absolute NNN Asset

Kohl’s | Knoxville, TN


Sands Investment Group is Pleased to Exclusively Offer For Sale the 86,584 SF Kohl’s Absolute NNN Asset Located at 5312 Washington Pike in Knoxville, Tennessee. Kohl’s Has Recently Extended its Lease, Demonstrating its Commitment to the Location. This Deal Includes a Corporate Guaranteed Absolute Triple Net (NNN) Investment With 9+ Years Remaining on the Lease and Zero Landlord Responsibilities, Providing For a Secured Investment.

  • Corporate Guaranteed Absolute Triple Net (NNN) Investment With 9+ Years Remaining on the Lease
  • Kohl’s Recently Extended its Lease, Demonstrating its Commitment to the Location
  • Cell Tower Located on the Property That is Paying $29,504 Annually With 3% Annual Increases**
  • Property Sits on a 32.655 Acre Parcel With Over 500 Parking Spots
  • Located 15 Minutes From the University of Tennessee and Downtown Knoxville
  • Population of Over 110,000 Within a 5-Mile Radius of the Property
  • Sephora Will Be Opening a Retail Store Within the Subject Property
  • Nearby Tenants Include: Target, Marshalls, Ross Dress for Less, Amazon Fulfillment Center, Mattress Firm, Walmart, Sam’s Club, Applebee’s, Texas Roadhouse, Home Depot and Lowe’s

In Cooperation With Sands Investment Group Tennessee, LLC – Lic. #263973 BoR: Tom Gorman – Lic. TN #370394

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Long John Silver’s

 

  • Strong Guarantor With 106 Locations
  • Rent to Sales Ratio of 6.15%
  • Great Inflation Hedge with CPI Increases
  • Low Rent Per Square Foot of $17.49
  • Store sales Exceed the National Average
  • Excellent Visibility
  • One of the Fastest Growing Submarketsin Tennessee
  • Tennessee is an Income Tax Free State
  • Surrounded by National Retailers Including Big Lots, McDonalds, Walgreens, CVS and More
  • High Traffic Counts of 43,840 VPD Along N Broadway NE