3010 Mall Rd South - Freestanding FOR SALE


Knoxville, TN 37924- Outer Northside
$1,962,150 USD
949-419-3286
3010 Mall Rd South, Knoxville, TN for Sale
$1,962,150 USD
Freestanding - FOR SALE
1/9
null | 7% Cap Rate

3010 Mall Rd South
Knoxville, TN 37924
Outer Northside


HIGHLIGHTS

  • Outparcel to a Highly Successful Lowe’s Home Improvement within The Isiah’s Landing Shopping Center
  • 100% Occupied to a Diverse, Internet-Resistant Tenant Roster
  • All Leases are on a Triple-Net (NNN) Lease Structure
  • Significant Growth in the Immediate Area- Numerous Housing Developments Recently Constructed

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire a fee simple interest in The Markman Building, a 9,229 SF Lowe’s Shadow Anchored strip center situated on a 1.21 acre parcel in the rapidly growing city of Knoxville, TN. The property is ideally located just 6 miles northeast of downtown Knoxville in the Lowe’s anchored Isaiah’s Landing Shopping Center. The Markman Building is strategically positioned directly in front of Lowe’s offering excellent visibility from I-640 (73,000 VPD). Isaiah’s Landing is also home to a strong lineup of national retailers including Cracker Barrel, Wendy’s, Sonic, Domino’s, Walgreens Pharmacy, Home Federal Bank, O’Charley’s and is adjacent The East Town Crossing anchored by The Home Depot. The property is fully stabilized with a diverse mix of interest-resistant retailers, majority of which are medical or physical care-based tenants. All tenants are set up on a triple-net lease structure, reimbursing their pro rata share of common area maintenance, real estate taxes, and insurance expenses. The immediate trade area has experienced robust population & job growth in recent years, supported by significant residential and commercial development. Notably The Emerald Knoxville, a 160 Luxury apartment community completed in 2025 directly next to the subject property. Amazon recently opened a new distribution center across I-640, bringing new jobs and improving daytime traffic in the area.

FOR SALE DETAILS

PRICE

$1,962,150 USD

PRICE/SF

$197 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Markman's Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.21 AC

LAND SF

52,708 SF

ZONING

C-H-2

APN/PARCEL ID

059LG-003

ASK ABOUT THIS PROPERTY

Justin AndreasianMarcus & MillichapMore Info
949-419-3286

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Justin AndreasianMarcus & MillichapMore Info
949-419-3286

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.