- Fronting Oak Ridge Hwy (TN-62), visible to Schaad Road intersection - 30 acre development anchored by Food City opened April 2021 - Over 3,700 new homes approved in the trade area - Access points, utilities and off-site regional detention in place Pad-ready sites in Grassy Creek development, anchored by Food City grocery store opened April 2021. Food City (KVAT Food Stores) is the 33rd largest grocer in the US with 127 stores and 16,000+ employees across Tennessee, Georgia, Virginia and Kentucky, and sales exceeding $2B. Located at the new intersection of Oak Ridge Hwy and Schaad Road, Oak Ridge Hwy (TN-62) has recently been widened to 5 lanes and connects Karns with Downtown Knoxville. Schaad Road is a new 5 lane ring road to connect I-75 in N. Knoxville with I-40/75 in W. Knoxville, on track for 2024 completion. Combined Traffic Count of 52,910 VPD upon 2024 completion of Schaad Road (CDM Smith TIA). Current combined traffic count of 34,410 VPD has been reduced due to road construction. Limited inventory, High growth area with great schools, and over 3,700 new homes approved in the trade area. This is one of the few areas in Knox County with remaining developable land for residential growth. Easy access and visibility via new project roads signalized at Oak Ridge Hwy and the new Schaad Road. Serving the growing Karns community of Knoxville, convenient to employees in the CBD, Pellissippi Technology Corridor, Oak Ridge National Lab/DOE Installation and the University of Tennessee. SOLD SUBJECT TO GRASSY CREEK DEVELOPMENT CCR'S INCLUDING TIF-REQUIRED SELLER REPURCHASE RIGHT IF LOTS ARE NOT IMPROVED BY PURCHASER.