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CONFIDENTIAL OFFERING MEMORANDUM - TEASER 9301-9329 & 9335-9341 KINGSTON PIKE, KNOXVILLE, TN 37922 MARKETPLACE SHOPPING CENTER KNOXVILLE, TN Knoxville, TN Shopping Center Investment Opportunity

MARKETPLACE SHOPPING CENTER - LoopNet...Offering Summary Global Fund Real Estate Group is proud to offer for sale “Marketplace Shopping Center” a 146,503 Square Foot shopping center

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Page 1: MARKETPLACE SHOPPING CENTER - LoopNet...Offering Summary Global Fund Real Estate Group is proud to offer for sale “Marketplace Shopping Center” a 146,503 Square Foot shopping center

CONFIDENTIAL OFFERING MEMORANDUM - TEASER

9301-9329 & 9335-9341 KINGSTON PIKE, KNOXVILLE, TN 37922

MARKETPLACE SHOPPING CENTERKNOXVILLE, TN

Knoxville, TN Shopping Center Investment Opportunity

Page 2: MARKETPLACE SHOPPING CENTER - LoopNet...Offering Summary Global Fund Real Estate Group is proud to offer for sale “Marketplace Shopping Center” a 146,503 Square Foot shopping center

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MARKETPLACE SHOPPING CENTER

CONFIDENTIALITY & DISCLAIMER

The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Global Fund Real Estate Group and it should not be made available to any otherperson or entity without the written consent of Global Fund Real Estate Group.

By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property, please promptly return this offering memorandum to Global Fund Real Estate Group. This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Global Fund Real Estate Group has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence of absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its oc-cupancy of the subject property. The information contained in this offering memorandum has been obtained from sources we believe reliable; however, Global Fund Real Estate Group has not verified, and will not verify, any of the information contained herein, nor has Global Fund Real Estate Group conducted any investiga-tion regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of inves-tigating the subject property.

PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.PLEASE CONTACT THE GLOBAL FUND REAL ESTATE GROUP ADVISOR FOR MORE DETAILS.

EXCLUSIVELY PRESENTED BY:FELIPE U. DESOUZA

D: (954)798-5950O: (954)[email protected]

PRESIDENT

3521 Broward Blvd Suite 301Fort Lauderdale, FL 33312www.globalfundreg.com

CREbuilder.com

Built By:

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Teaser OnlyContact us for Complete Offering Memorandum

Page 3: MARKETPLACE SHOPPING CENTER - LoopNet...Offering Summary Global Fund Real Estate Group is proud to offer for sale “Marketplace Shopping Center” a 146,503 Square Foot shopping center

Offering Summary

Global Fund Real Estate Group is proud to offer for sale “Marketplace Shopping Center” a 146,503 Square Foot shopping center located in Knoxville, TN. The property is anchored by Home Depot (shadow anchor), Planet Fitness, Gabe’s, Petland, Bank of America and Captain D’s. The property also has a strong lineup of Junior anchors and shops with national & regional tenancy including Crossfit Knoxville, Jenny Craig, Lenny’s Sub & Grill, and Edible Arrangements. Marketplace Shopping Center is part of a highly successful retail concentration in Knox County and benefits from regional access, a straight line configuration along Kingston Pike and a signalized intersection at the main entrance to the shopping center. The property is offered free and clear of financing.

Marketplace Shopping Center provides an investor a consistent cash flow stream by offering a stabilized tenant base with several tenants who have been at The Marketplace Shopping Center since it was constructed. Additionally, an investor can generate income growth by marking lower-rent tenants to market rates, which will significantly increase the Property’s operating income. The property’s premier location, brand-new look, stable tenancy, and rental upside provide an ideal investment opportunity in a dense suburban location with excellent demographics.

ADDRESS9301-9329 & 9335-9341 Kingston Pike Knoxville, TN 37922

SALE PRICE $15,900,000.00

CAP RATE / NOI 7.36% / $1,170,788.56

PRO FORMA (YEAR 2)CAP RATE / NOI 7.58% / $1,205,912.22

GROSS BUILDING AREA 146,503 SF

GROSS LAND AREA 22.05 AC

OCCUPANCY 100%

NUMBER OF TENANTS 20

YEAR BUILT 1988 (Renovated 1994 & 2015)

KINGSTON PIKE FRONTAGE 1,640 feet

MAJOR TENANTS

Home Depot (shadow anchor); Planet Fitness; Gabe’s; Crossfit Knoxville; Jenny Craig, Petland, Planet Fitness, Lenny’s Sub Shop, Tandy Leather Co, Staffmark, Bank of America, Captain D’s, Edible Arrangements

PARCEL ID 132 02608; 132 02609; 132 02618; 132 02619; 132 02615

Property Summary

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INVESTMENT HIGHLIGHTS

AFFLUENT DEMOGRAPHICS

The shopping center benefits from high end and middle class demographics; a total population of 128,387 within 5 miles and an average household income of $99,574 within 1 mile of the center.

KINGSTON PIKE - 29,058 VPD

I-40 / I-75 - 181,240 VPD

MARKETPLACESHOPPING CENTER

NOTA

PART

WINDSOR SQUARE

LANDINGS AT CEDAR BLUFF

HEALTH SCIENCE CENTER

ABSOLUTE NNN LEASES

Tenants reimburse for 100% of CAM, Real Estate Taxes, Insurance and Property Management.

STRONG VISIBILITY & ACCESS

Marketplace Shopping Center is located on Knox-ville’s main retail corridor, with 3 ingresses for easy access, 2 of which are situated on a signalized inter-section.

NATIONAL TENANTS & ANCHORSThe Home Depot shadow anchor provides the Prop-erty with a large regional draw, in addition to Planet Fitness, Gabe’s, Crossfit Knoxville, Jenny Craig, Pet-land, Planet Fitness, Lenny’s Sub Shop, Tandy Leath-er Co, Staffmark, Bank of America, Captain D’s, and Edible Arrangements.

SECURE INCOME STREAM

Multiple tenants in Marketplace Shopping Center have long term leases with annual rental rate increas-es.

IRREPLACEABLE LOCATIONThe property is located within a vibrant retail con-centration along Kingston Pike with average daily traffic counts of over 29,000 Vehicles

OPPORTUNITY FOR UPSIDESpace #9329 (27,256 SF) is currently leased at a discounted rate of $2.32/SF. Landlord has right to terminate lease and replace with market rents of $8.00 - $10.00/SF.

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Page 5: MARKETPLACE SHOPPING CENTER - LoopNet...Offering Summary Global Fund Real Estate Group is proud to offer for sale “Marketplace Shopping Center” a 146,503 Square Foot shopping center

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LOCATION HIGHLIGHTS

The Property’s premier location in the Cedar Bluff Submarket of Knoxville offers an investor a rare opportunity in a rapidly growing market with excellent demographics, strong local and regional fundamentals, and a steady increase in jobs and development that will continue to enhance and maintain the stabilization of the property. Cedar Bluff contains Knoxville’s largest concentrations of restaurants and hotels, is home to some of Knoxville’s largest office parks, shopping centers, and hospitals, and also includes Knoxville’s three largest private schools. West Knoxville addresses are consistently among the area’s priciest and most sought-after, and the area is home to thousands.

Marketplace Shopping Center benefits from regional draw from area tenants such as; Kroger, Aldi, Floor & Decor, Starbucks, Burlington Coat Factory, AMC Movie Theatres, Outback Steakhouse, Carrabas & More.

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SHADOW ANCHORS

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®

VOLUNTEERCASH

NOTA

PART

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Page 7: MARKETPLACE SHOPPING CENTER - LoopNet...Offering Summary Global Fund Real Estate Group is proud to offer for sale “Marketplace Shopping Center” a 146,503 Square Foot shopping center

KNOXVILLE, TN

POPULATION

128,387MEDIAN AGE

38.9AVERAGE HOUSEHOLD INCOME

$95,396

NUMBER OF EMPLOYEES

89,0941.47% Growth

TOTAL HOUSEHOLDS

53,867TOTAL HOUSEHOLDS

53,867 5 Mile Radius

Based on 2017 | 5 Mile Radius

Page 8: MARKETPLACE SHOPPING CENTER - LoopNet...Offering Summary Global Fund Real Estate Group is proud to offer for sale “Marketplace Shopping Center” a 146,503 Square Foot shopping center

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CONFIDENTIAL OFFERING MEMORANDUM

9301-9329 & 9335-9341 KINGSTON PIKE. KNOXVILLE , TN 37922

MARKETPLACE SHOPPING CENTERKNOXVILLE, TN

EXCLUSIVELY PRESENTED BY:FELIPE U. DESOUZA

D: (954)798-5950O: (954)[email protected]

PRESIDENT

3521 Broward Blvd Suite 301Fort Lauderdale, FL 33312www.globalfundreg.com

CREbuilder.com

Built By: