10,000 SF of Service Oriented Retail Space
Cornerstone II consists of 4 internet resistant tenants providing needed services to the surrounding community. The tenants have a proven track record within the project as well as within the Knoxville community. Eighty percent of the tenant makeup have multiple locations and have a minimum of five years remaining on their lease terms.
Strategic Location in Master Planned Mixed-Use Project
Cornerstone II is located within the 133-acre Northshore Town Center Project. The development consists of numerous office tenants, retail businesses, single-family & multi-family homes, an elementary school and major retail anchors such as Target & Publix.
Proximity to Thriving Economic Drivers
The MSA consists of a population base of approximately 850,000 with 75,000 in a 5-mile radius, 280,000 in a 10-mile radius, an average household income of $130,000 in a 3-mile radius and nearly 58% of the population within a 3-mile radius have a bachelor or graduate degree.
Attractive Nonrecourse Assumable Loan
The property is encumbered by a fixed-rate CMBS loan at a below market interest rate (4.76%), with 8 years remaining on a 30-year amortization.