Firm Overview Listings Shopping Centers Single-Tenant 1301 Exchanges
Rob Carter
704.379.1982 Office
704.379.1988 Fax
carter@berkeleycap.com
Alex Quarrier
704.714.2365 Office
704.379.1988 Fax
quarrier@berkeleycap.com
David Webb
7043791967 Office
7043791988 Fax
webb@berkeleycap.com
   
Hamilton Crossing

OFFERING SUMMARY

Hamilton Crossing is a power center located in Alcoa (Knoxville MSA), Tennessee and includes a strong line-up of national tenants. The Property contains 176,996 square feet and is currently 88% leased to 19 tenants.

The Property includes an outstanding lineup of credit anchors with exceptional sales. Ross Dress for Less, Old Navy, PetSmart, Dick's Sporting Goods, Rue 21, and Shoe Carnival are national, publicly traded companies. Overall, the shopping center has over 90% of national tenants.

The investment is a recently-constructed retail center that opened in 2006/2008. Minimal management is required due to the recent construction and Tenants' full-term leases, offering economic stability to the Property.

SUBMARKET OVERVIEW

Hamilton Crossing is ideally located at the intersection of Highway 129 and Louisville Road, making the center easily accessible with great visibility and frontage on two of Alcoa's major arteries. Highway 129 connects Knoxville to McGhee Tyson Airport, sitting a half mile north of Hamilton Crossing, which is Eastern Tennessee's largest commercial airport.

Hamilton Crossing is located 15 miles south of Knoxville in Blount County and feeds off the City's strong economy and community. Three of the nation's major interstates - I-40, I-75, I-81 - intersect in Knoxville. The city also houses one of the country's 5 national labs for technology and the acclaimed University of Tennessee at Knoxville. Forbes magazine recently ranked Knoxville as #5 in the Best Places for Businesses and Careers.

 

DEMOGRAPHICS
   
  5 Mile 10 Mile 15 Mile  
2013 Projection 66,487 162,298 393,295  
2008 Estimate 62,360 149,919 369,930  
Growth 2008 - 2013 6.62% 8.26% 6.32%  
Growth 2000 - 2008 9.95% 14.97% 10.84%  
2008 Average Household Income $55,476 $71,127 $64,345  
OFFERING MEMORANDUM & FILES
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Profiles
Property Size: 175,996
Market: Alcoa (Knoxville MSA), TN
Year Delivered: 2006/2008
Leasing Status: 88% Leased
Location: SE corner of the intersection of Hwy 129 and Louisville Rd
   
Anchor Tenants Lease Expiration Square Feet
Dick's Sporting Goods Jan 2019 50,000
Ross Dress for Less Jan 2018 30,187
PetSmart Aug 2017 20,087
Old Navy Aug 2012 15,000
   
NET OPERATING INCOME $1,996,797
   
CAP RATE 0
   
OFFERING PRICE Unpriced
©2006 Berkeley Capital Advisors - 831 East Morehead, Suite 650 // Charlotte, South Carolina 28202 // 704-379-1980
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