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Glen Alpine Shops, Clinton, TN

Glen Alpine Shops

Clinton, TN

Price $3,602,500
Cap Rate 5.75%
NOI $207,140
Lease Term Various
Lease Type Net Lease With Tenants Responsible For All Taxes, Insurance, And Maintenance, Excluding Roof And Structure
Rental Increases Various
Year Built 2021
Building Size 7,859 SF
Lot Size 1.32 Acres (57,499 SF)
Status Available
Lead Broker Information Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Vincent Aicale
Executive Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

100% LEASED MULTI-TENANT RETAIL CENTER
» 100% leased multi-tenant retail asset featuring strong corporate and regional tenants
» Multi-tenant asset allows for investment diversification
» Net leases allow for minimal landlord management
» Scheduled rental increases for all tenants, providing a hedge against inflation

HIGH-VISIBILITY LOCATION IN GROWING COMMUNITY
» Located along North Charles G. Seivers Boulevard with excellent visibility and access to 33,000 vehicles per day
» Beneficial proximity to Interstate 75 (48,660 AADT), increasing traffic in the area
» Surrounded by a strong mix of local and national tenants such as Walmart Supercenter, Walgreens, McDonald’s, Wendy’s, Burger King, Zaxby’s, and many others

CENTRAL LOCATION NEAR LARGE SCHOOLS, EMPLOYERS AND COMMUNITY HUBS
» One mile from Aisin Automotive Casting Tennessee (882 employees) and I-75 Industrial Park (2,500 employees)
» Within walking distance to Anderson County High School (1,124 students)
» Seven hotels within a one-mile radius with 472 rooms, providing a regular customer base for the site
» Prominent location near single and multi-family developments
» 19 miles from Knoxville (population of 190,740), the third-largest city in Tennessee

NEW 2021 CONSTRUCTION WITH DEDICATED DRIVE-THRU
» 2021 construction with a dedicated drive-thru lane (Buddy’s Bar-B-Q), providing additional customer convenience
» New building, limiting near-term deferred maintenance or capital costs



Property Description

The subject property is located along North Charles G. Seivers Boulevard, with excellent visibility and access to 33,000 vehicles per day. The site maintains beneficial proximity to Interstate 75 (48,660 AADT), increasing traffic to the location. The property is one mile from Aisin Automotive Casting Tennessee, one of the largest employers in the area with 882 employees. The location is also one mile from I-75 industrial park (2,500 employees). The site is centrally located in a growing commercial and retail corridor and surrounded by national tenants such as Walmart Supercenter, Walgreens, McDonald’s, Wendy’s, Burger King, Zaxby’s, and many others. The site benefits from its prime location near large single and multi-family units.

The property is strategically located near seven hotels within a one-mile radius (472 rooms) and walking distance to Anderson County High School (1,124 students). The location is 19 miles from Knoxville, the third-largest city in Tennessee with a population of 190,740. The property is supported by 20,307 residents living within five miles of the site, providing a stable customer base. Additionally, the property resides in a growing community, with an average household income of $75,595 within a one-mile radius and projected to increase by 18 percent in the next five years. Clinton and Sonic are poised to grow along with the surrounding area.

Contact Us About This Property

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