Prime Retail with Stable 5-Tenant Mix - 5403 Western Ave, Knoxville, TN 37921

Level
NEW TERMS to start April 1: Seller will pay to buyer at closing a cash concession to make up for below-market rents AND a prospective buyer under contract can negotiate contingent lease agreements with current tenants to take effect upon lease renewals (4 @ March 1, 2022, 1 @ November 1, 2021). Exceptionally maintained, fully occupied, 5-tenant neighborhood shopping center ready for new owner. Directly across the street from the new Walmart Neighborhood Market. Long-term occupants have benefited from generous landlord terms and annual lease renewals. Current occupants: a plumbing company, a beauty shop, a tattoo parlor, a pet groomer, and a small church. Independent HVAC units in each suite. Four electric panels (two suites share one). Five ADA-compliant bathrooms. Three suites face Western Ave: Suite 101 (1,400 SF); Suite 102 (1,400 SF); Suite 103 (1,364 SF). Two suites have side entry: Suite 104 (1,501 SF); Suite 105 (2,191 SF).

No sign on property. Call Listing Agent for showings. Do not disturb tenants.