Cumberland Avenue Retail 2121 Cumberland Avenue Knoxville, TN 37916 Contacts: Greenbrier Real Estate Advisors Josiah Glafenhein Caleb Glafenhein 2099 Thunderhead Rd. Suite 204 (865) 206-0180 (865) 356-5526 Knoxville, TN 37922 [email protected] [email protected] www.greenbrier-rea.com Property Summary Property Details Traffic Counts Name Cumberland Ave. Retail Cumberland Avenue 37,390 ADT (West); 24,250 ADT (East) Address 2121 Cumberland Avenue 22nd Street 7,261 ADT Knoxville, TN 37916 Lot Size 0.34 +/- Acres Building Size 7,240 SF Map Available Space 3,203 SF +/- Lease Price $19.50 PSF NNN Sale Price $2,150,000.00 Demographic Snapshot 1 Mile 3 Mile 5 Mile Population 14,825 71,861 144,544 Average Household Income $28,029 $42,975 $49,811 SITE Market Overview • Property located on the SW end of the “strip” on Cumberland Avenue at The University of Tennessee (28,321 enrollment) • Existing tenants include: Insomnia Cookies & Oscar’s Taco Shop • Explosive growth along Cumberland Avenue with private multi- family projects opening or under constrcution • Newly completed Cumberland Avenue improvements have increased pedestrian foot traffic • Daytime population of 201,165 within 5 mile radius Regional Map Knoxville, Tennessee (MSA) SUBJECT SITE Market Aerial Knoxville, Tennessee Sysco Knoxville Central Street Pellissippi State Community College Broadway Street Broadway Vine Middle School (336) Western Avenue Downtown Fort Sanders Middlebrook Pike Medical Center 17th Street World’s Fair Park Gay Street Site Henley Street (2121 Cumberland Ave.) 24,250 ADT Pellissippi Tennessee College Neyland Cumberland Avenue Stadium State of Applied Technology Community 37,390 ADT College Kingston Pike 11,087 ADT The University of Tennessee Reily Tennessee River Alcoa Highway 50,867 ADT 14,579 ADT West High School (1,355) Neyland Drive UT Medical Mid Aerial World’s Fair Park Knoxville, TN Henley Street Fort Sanders The University of Tennessee Medical Center 17th Street 22nd Street Site 24,250 ADT (2121 Cumberland Ave.) 7,261 ADT Cumberland Avenue Neyland Stadium 37,390 ADT The University of Tennessee Volunteer Boulevard Kingston Pike Tom Black Thomson-Boling Track Arena 11,989 ADT Tennessee River Lindsey Nelson Tennessee River 50,867 ADT Stadium Alcoa Highway 14,579 ADT UT Medical Center Neyland Drive Site Aerial Site (2121 Cumberland Ave.) 3,203 SF +/- Available 22nd Street 7,261 ADT 7,261 37,390 ADT Cumberland Avenue Street View (2121 Cumberland Avenue) Floor Plan Cookout Available Available Office Income Map 2121 Cumberland Avenue Demographic Summary (5 Mile Radius) 2017 Daytime Population KEY FACTS EDUCATION 144,544 2017 Total Daytime 201,165 Population Population 33.3 13% 2017 Daytime Population: 120,848 Median Age No High 29% Workers School 2.2 Some $31,971 Diploma 29% College 29% 2017 Daytime Population: 80,317 Average Median Household High School Bachelor's/Grad/P Residents Household Size Income Graduate rof Degree BUSINESS Total Retail Sales EMPLOYMENT 61% White Collar 5.0% 19% Blue Collar 7,755 124,404 $2,297,777,614 Unemployment Total Businesses Total Employees Total Retail Sales 20% Rate Services 2121 Cumberland Avenue ~ Knoxville, TN 37916 Average Household Income ANNUAL HOUSEHOLD SPENDING (Ring of 5 miles) 5 mile radius $1,363 $114 $2,156 Apparel & Computers & Eating Out Services Hardware $49,811 2016 Average Household $3,312 $3,414 Income Groceries Health Care Knoxville MSA Overview Data Retrieved 2015 UNION COUNTY MARKET ECONOMIC INFORMATION Maynardville Highway POPULATION FIGURES Knoxville, TN DMA 1,346,917 KNOXVILLE, TENNESSEE Ranked 62nd out of 210 DMA markets in U.S. [MARKET TRADE AREA PROFILE] GRAINGER KNOXVILLE, TN MSA 837,571 KNOX COUNTY COUNTY CITY OF KNOXVILLE POPULATION 178,874 LEGEND: KNOX COUNTY POPULATION 432,226 PRIMARY TRADE AREA SECONDARY TRADE AREA ANDERSON TERTIARY TRADE AREA COUNTY TOP EMPLOYERS Employees HALLS / 1. U.S. Department of Energy – Oak Ridge 12,927 FOUNTAIN CITY NORTHEAST KNOXVILLE 2. Covenant Health 9,016 Population – 63,803 Population – 30,211 3. University of Tennessee 8,754 Avg HH Inc. – $60,563 Avg HH Inc. – $61,864 4. Mercy Health Partners 5,711 Median Age – 40.4 Median Age – 40.7 5. Wal–Mart Stores 4,869 6. K–VA–T Food Stores (Food City) 3,853 JEFFERSON 7. State of Tennessee 3,834 COUNTY 8. University Health Systems 3,727 9. Knox County Government 3,021 10. Denso Manufacturing 3,000 Broadway 11. Clayton Homes 2,695 Population – 84,892 12. Dollywood 2,573 Avg HH Inc. – $58,595 STRAWBERRY PLAINS 13. Blount Memorial Hospital 2,180 Median Age – 37.3 Clinton Highway 14. Blount County Schools 2,100 Population – 14,892 OAK RIDGE Avg HH Inc. – $52,834 15. Yum Brands 2,000 Population – 31,793 POWELL / Median Age – 43.8 Avg HH Inc. – $65,241 NORTH SECTOR MSA SECTOR BREAKDOWN ON EMPLOYMENT Median Age – 43.8 Knoxville Industry Employees CEDAR BLUFF Construction 17,200 Population – 73,241 Finance, Insurance, Real Estate 15,100 Avg HH Inc. – $91,916 Government 55,200 Median Age – 38.7 Manufacturing – Total 47,700 Chapman Highway – Durable Goods 32,000 – Nondurable Goods 15,700 Services 96,400 BEARDEN SOUTH KNOXVILLE Trade 91,000 DOWNTOWN / SEVIER Transportation, Communications, 15,600 Population – 36,447 INNER CIRCLE COUNTY & Public Utilities Avg HH Inc. – $50,282 Median Age – 37.8 Population – 71,415 Avg HH Inc. – $34,559 TURKEY CREEK / Median Age – 30.4 UNIVERSITIES & COLLEGES Enrollment FARRAGUT The University of Tennessee 26,877 Pellissippi Parkway Population – 50,746 Pellissippi State Community College 11,259 Avg HH Inc. – $118,628 Roane State Comm. College (Harriman) 6,801 Median Age – 44.5 Tusculum College (Greeneville) 2,128 Carson Newman 1,713 ROANE COUNTY Population – 22,305 Bryan College (Dayton) 1,466 Avg HH Inc. – $97,489 Maryville College 1,213 lcoa Highway Median Age – 41.9 A Tennessee Wesleyan College 1,080 South College 1,010 Johnson University 845 MARYVILLE / ALCOA LENOIR CITY AREA HOSPITALS # of Beds Population – 90,800 Population – 27,688 Avg HH Inc. – $59,871 University of Tennessee Medical Center 581 Avg HH Inc. – $60,902 Median Age – 41.8 Fort Sanders Regional Medical Center 517 Median Age – 43.6 St. Mary’s Medical Center 473 GREENBRIER Baptist Hospital of East Tennessee 329 real estate advisors Parkwest Medical Center 320 BLOUNT Lakeshore Mental Health Institute 250 COUNTY LOUDON East Tennessee Children’s Hospital 240 COUNTY.