6909 KINGSTON PIKE KNOXVILLE, TN

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1 6909 KINGSTON PIKE KNOXVILLE, TN Partnership. Performance. Property Overview 1.57 ac retail development site available for lease Highly visible location on largest available site on Kingston Pike Great demographics in Knoxville s retail corridor

2 2015 DEMOGRAPHICS POPULATION 1 MILE 3 MILE 5 MILE 2015 Population 5,169 57, , Population 5,325 59, , Annual Rate 3.02% 3.31% 3.79% HOUSEHOLDS 2015 Total Households 2,644 26,507 56, Total Households 2,721 27,930 58, Annual Rate 2.91% 3.33% 3.85% INCOME 2015 Avg. Household Income $79,769 $74,098 $74,374 Location Highlights 28,891 Kingston Pike traffic count 187,304 Interstate 40/75 traffic count Knoxville s most traveled road, Kingston Pike, serves as a the main retail thoroughfare Located less than two miles from West Town Mall, a regional shopping desination

3 RETAIL WITHIN 2 MILES West Town Mall: Simon owned regional mall Center at Deane Hill: Food City, Kohl s, Old Navy, Bed Bath & Beyond Downtown West Village: Salon Visage, Spa Visage, Hibachi Factory Papermill Plaza: Whole Foods, ULTA, Jimmy John s, REI Olde Kingston Towne: TJ Maxx, Ross, HomeGoods Suburban Plaza: Barnes & Noble, Toys R Us, Trader Joe s The Gallery: Chili s, Tomato Head, FedEx Office, Sports Seasons Target

4 AREA MAP 1 WEST TOWN MALL Major retailers: Belk, Dillard s JCPenney, Sears, Regal Cinemas, The Cheesecake Factory GLA: 1,335,000 SF 2 HOTELS Extended Stay America: 72 rooms Hampton Inn: 120 rooms Courtyard Marriot at Brookview: 124 rooms Holiday Inn: 135 rooms 3 RETAIL CENTERS Center at Deane Hill: Food City, Kohl s, Old Navy, Bed Bath & Beyond, Petsmart Downtown West Village: Salon Visage, Spa Visage, Hibachi Factory Papermill Plaza: Whole Foods, ULTA, Jimmy John s, REI Olde Kingston Towne: TJ Maxx, Ross, HomeGoods Suburban Plaza: Barnes & Noble, Toys R Us, Trader Joe s The Gallery: Chili s, Tomato Head, FedEx Office, Sports Seasons Target 4 APARTMENT COMPLEXES Briarcliff at West Hills/Tiffany Square: 400 units Deane Hill Apartments: 272 luxury units Londontown Villas: 400 units The Willows: 250 units Windrush Apartments: 192 units 5 CORPORATE HEADQUARTERS Bush Brothers & Company: 450 employees Pilot Corporation: 14,000 employees nationwide US Dept. of Energy Oak Ridge: 13,925 area employees Scripps Networks: 850 employees 6 MAJOR OFFICE COMPLEXES Brookvale: Two buildings, 85,000 SF Brookview Town Centre: $50 million mixed-use development;190,000 SF office and retail space Landmark Center: Two buildings, 182,000 SF 7 SINGLE-FAMILY RESIDENTIAL Bennett Place: $600K $700K Highland Court: $190K $290K Old Westmoreland: $500K $2.5M Saint Andrew: $350K $500K Sherwood Oaks: $550K $2M Wellsley Park: $500K $700K West Hills: $180K $350K Westlyn Hills: $200K $1.5M Westminster Place: Average price $250K Westmoreland Court: $250K $450K Westmoreland Estates: $350K $650K Westmoreland Hills: $450K $700K

5 Knoxville Overview Knoxville is recognized as one of the best cities in the U.S. for business and careers according to this year s rankings by Forbes magazine. The city placed fifth overall among 200 competitors, earning high marks in job growth, cost of living, income growth, and other community indicators. Expansion Management magazine s list of hottest cities for business expansions and relocations ranked Knoxville ninth in the nation. Knoxville s favorable business climate has fostered an economy driven by health and education services, retail trade, government and manufacturing. Tennessee s Top 5 ranking in Site Selection magazine s Best Business Climate list is evident by the latest growth. The county s low unemployment rate, which consistently outperforms the national average, and the city s livability rankings make Knoxville a huge commercial contender in an improving real estate market. Knoxville has been ranked 6th by Forbes magazine among Best Cities for Jobs and 2nd by the Brookings Institute for Green Job Growth. East Tennessee has also been branded Innovation Valley due to the businessfriendly values, location and technological resources. MAJOR EMPLOYERS Employer # Employees US Dept. of Energy 11,877 Convenant Health 9,122 Knox County Schools 7,066 University of Tennessee 6,550 McGhee-Tyson Airport 4,897 University Heath Systems 4,061 DENSO Manufacturing 3,400 Tennova Healthcare 3,124 Knox County Government 2,991 State of Tennessee 2,808 Clayton Homes / 21st Mortgage Corp. 2,631 Tennessee Valley Authority 1,538 CVS Caremark Corp. 1,524 Pilot / Flying J 1,451 Scripss Networks Interactive 1,450 Team Health 1,442

6 Knoxville Market Analysis Knoxville s market has several contributing factors to its strong office and employment trends, particularly in the wake of the national economic recession. The Tennessee Department of Labor and Workforce Development reported the unemployment rate in Knox County at 4.8% (April, 2015), noticeably lower than the state s overall rate at 6.0%. Leasing momentum remains strong with several tenants in the market for large space requirements. Knoxville is the location of choice for city government, law firms, professional service firms, the entertainment industry and healthcare industry. RETAIL MARKET FAST FACTS Steady job growth both historically & projected Economy anchored by historically stable and growing industry sectors- healthcare, education, and entertainment Diverse economy which insulates the region from significant swings in economic conditions Perfect office location and building prestige to attract corporate and local users Home to the highly desirable technology corridor, Innovation Valley Large employers within the Innovation Valley/ Cedar Bluff area include Scripps Networks Interactive and University Health Systems