|
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.
|