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Classic Auction - Retail

Squirewood Village

123 West Highway 25-70, Dandridge, TN 37725

  • Asset Type
  • Real Estate
  • Property Type
  • Retail
  • Land Area
  • 9.89 Acres
  • Year Built
  • 2002
  • Year Renovated
  • 2010
  • Number of Floors
  • 1
  • Number of Buildings
  • 1
  • Parking Count
  • 228
  • Occupancy
  • 89.87%
  • Occupancy as of
  • Mar 31, 2020
  • Retail Type
  • Grocery Anchored Center
  • Anchor
  • Yes
  • Anchor Tenant(s)
  • Food City
  • Property Size
  • 57,589 Sq Ft

Squirewood Village | Dandridge, TN | 89% Occupied | Grocery Anchored Shopping Center

Investment Highlights

  • Perfect Location With Advantages Over Competition By Being The Only Grocery Store Location In A Seven-Mile Radius
  • Stabilized Shopping Center Anchored By High Performing Food City Grocery Store
  • Long-Term Tenant Commitment To The Location–In 2010, At The Tenant's Cost, An Additional 11,467 SF Of Space Was Added to To The North Side Of The Grocery Box
  • Opportunity To Add Value To The Investment By Leasing The Vacant Space In The Center, In A Market That Boasts A Retail Vacancy Rate Of Only 4.0%
  • The Property Is Accessed By Two Points Of Ingress/Egress With Traffic Counts Exceeding 13,000 VPD On Hwy 25 W And 6,000 VPD On Hwy 70

 

Offering Details

Atlantic Investments and RealINSIGHT Marketplace are pleased to present the opportunity to acquire Squirewood Village, a neighborhood shopping center with ±57,589 SF of leasable space located in Dandridge, TN, which is just east of the Knoxville, TN MSA. The center was built in 2002 (renovated in 2010) and is anchored by Food City along with Don Marcos Mexican Restaurant, All Tobacco and a Food City Fueling Station. At 89% occupancy, the Property provides an excellent opportunity for an investor to acquire an asset with significant in-place cash flow, while still providing the opportunity to increase yield by leasing up the remaining 5,834 SF of vacant space.

Squirewood Village is located on Highway 25-70 West, at the point where Highway 70 and Highway 92 merge together on the way to Downtown Dandridge off the I-40 Exit. Dandridge, TN is known as Tennessee's second-oldest town and bears the distinction of being the only town in the United States name after Martha Dandridge Washington, wife of our first President, George Washington. Today, Dandridge is known as a beautiful mountain town with breathtaking views over Douglas Lake and a charming downtown district that will remind you of a town similar to a Mark Twain novel.

Property tours are available by request. Please contact the Atlantic Retail Investments team to schedule a tour.

 

Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Sold Subject To

Platform Fee

Platform fee for this transaction is 5.00% or a minimum of $25,000.

Need Help?

Have questions about Marketplace? You can reach us at 800.915.7015 or info@rimarketplace.com.

Auctioneer

  • John Roebuck

    c/o Fisher Auction Company Inc.

    License: 1702 TN Broker No. 00022430