Downtown Lenoir City Shopping Center

Investment Overview

Positioned in the heart of Downtown Lenoir City, this 46,878 SF multi-tenant Retail Center presents a rare opportunity to acquire a fully leased retail asset with significant value-add potential in one of East Tennessee's fastest-growing markets. Offered at $2,710,000, the property benefits from stable in-place occupancy while providing investors with multiple avenues to unlock value through strategic leasing, repositioning, and capital improvements. Located within a designated Opportunity Zone, the property sits just minutes from I-75, Hwy 321, and Hwy 11, providing excellent regional connectivity to Knoxville, Loudon County, and the rapidly expanding West Knoxville corridor. The center enjoys outstanding visibility along Bon Street and is surrounded by established neighborhoods, downtown businesses, and the area's primary retail corridor featuring national retailers including Walmart, Home Depot, Food City, Aldi, Starbucks, Chick-fil-A, and numerous other regional and national brands. This established Retail Shopping Center is located within a designated Opportunity Zone and offers immediate cash flow from seven tenants, including Dollar General, while providing substantial upside through future lease renewals, tenant repositioning, and strategic capital improvements. With limited retail inventory available in Downtown Lenoir City and continued population and commercial growth fueled by revitalization efforts, this offering combines stable occupancy, an irreplaceable downtown location, and significant value-add potential into an attractive investment opportunity.

Investment Highlights

• Irreplaceable location in Downtown Opportunity Zone
• Multiple Value-add Strategies: lease Rollover, re-tenanting, repositioning, or redevelopment
• Stable in-place income with long-term NOI growth potential
• Convenient access to Walmart, Home Depot, Food City, Aldi, Starbucks, Chick-fil-A, and other national retailers
• Three-street frontage on Bon Street, Grand Street, and Pike Street