Zebra Capital and Bang Realty are proud to exclusively present for sale single-tenant, net leased PetSmart investment property located in Knoxville, TN with 12 years remaiining on the lease. The property consists of 18,134 SF building, sitting on a 3.43 Acres parcel, built in 2018 and located within a Kroger Grocery anchored shopping center (owned and operated by Kroger itself).
LONG TERM LEASE - NEWLY EXTENDED 12-YEAR LEASE AFFIRMING TENANTS COMMITMENT
AFFLUENT DEMOGRAPHICS - AVERAGE HOUSEHOLD INCOME ABOVE $93,000 IN A 3-MILE RADIUS
RECESSION-RESISTANT TENANT - PET STORE SECTOR HISTORICALLY PERFORMED EXCEPTIONALLY WELL DURING RECESSIONARY TIMES
MINIMAL LANDLORD RESPONSIBILITIES - ROOF & STRUCTURE ONLY (2018 BUILT)
NO INCOME TAX STATE - TENNESSEE IS ONE OF NINE STATES WITH NO INCOME TAX
RAPIDLY GROWING POPULATION - KNOXVILLE MSA GREW 6.7% SINCE 2020