The Vitamin Shoppe - Knoxville, TN
Trophy Location Across from TN's #1 Most Trafficked Mall | 12% Increases Every 5 Years
Investment highlights
Premier Retail Location Adjacent to Tennessee’s #1 Highest-Traffic Mall — strategically positioned in one of the Southeast’s most dynamic retail submarkets, directly adjacent to West Town Mall, the top-trafficked mall in Tennessee & the most concentrated retail node in East Tennessee.
12% Structured Rent Escalations — the lease includes 12% rental increases every five years, providing built-in growth & predictable cash flow over the investment horizon.
Affluent Surrounding Demographics — the property benefits from strong consumer spending power, with an average household income exceeding $129,362 within a five-mile radius.
Strong Population Growth Market — located in Knox County, one of Tennessee’s fastest-growing counties, which has experienced a 20.55% population increase since 2010.
Positioned in the Densest Retail Corridor in East Tennessee — surrounded by over 5.2 million square feet of retail within a two-mile radius, offering exceptional visibility & synergy with national tenants.
Proximity to Major University — approximately five miles from the University of Tennessee, the state’s largest university with over 38,000 students & significant post-pandemic enrollment growth.
Demonstrated Tenant Commitment — the tenant has exercised multiple renewal options, indicating strong historical performance & long-term viability at this location.
Institutional-Backed Corporate Guarantee — lease guaranteed by The Vitamin Shoppe, a subsidiary of Kingswood Capital Management, a private equity firm managing over $3 billion in assets.
Landlord-Favorable NN Lease — double net (NN) lease structure with tenant responsible for taxes, insurance, & common area maintenance (CAM), minimizing landlord obligations.
Surrounded by National & Regional Retailers — immediate proximity to major retailers including Target, Trader Joe’s, Whole Foods Market, Walmart Supercenter, T.J. Maxx, Ross, Kohl’s, & multiple QSR brands including Raising Cane’s & Chick-Fil-A which reinforces the location’s regional retail significance.
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