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3907 Martin Luther King Jr Ave 3,280 SF of Retail Space Available in Knoxville, TN 37914
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,280 SF | Negotiable | $22.12 CAD/SF/YR $1.84 CAD/SF/MO $72,554 CAD/YR $6,046 CAD/MO | Modified Gross |
1st Floor
Want to be part of a growing/revitalized community? This fantastic building on a traffic heavy street, at a signalized corner is sure to draw attention to your new business home! Can lease the whole building or multiple suites as needed. Seller also open to selling for the right terms and Buyer use case. The pricing for the suites if leased individually are as follows (see floor plan attached): $675/mo. for smaller suites $775/mo. for two larger suites $875/mo. for large private suite/conf room All suites include utilities. Can be leased as a whole building to one Tenant or treated as co-working space/salon style suites. See link below for all capital improvement projects planned for the area by the City of Knoxville. https://www.kgis.org/CityEng/CapitalImprovements.html Tenant should confirm all zoning, parking, sq footage, etc. details independently for their required use cases.
- Listed rate may not include certain utilities, building services and property expenses
- Proximity to professional sports venues
- Nearby to Knoxville Zoo
- High traffic road/corner with great visibility
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 3,280 SF | Gross Leasable Area | 3,544 SF |
| Property Type | Retail | Year Built | 1930 |
| Property Subtype | Storefront |
| Total Space Available | 3,280 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 3,544 SF |
| Year Built | 1930 |
ABOUT THE PROPERTY
** Potential opportunity for purchase as well** Want to be part of a growing/revitalized community? Fantastic stand alone building on signalized corner/stop sign on other sign. This fantastic building on a traffic heavy street, at a signalized corner is sure to draw attention to your new business home! Can lease the whole building or multiple suites as well!! Would make great medical office space. Lease rate negotiable with terms. The pricing for the suites if leased individually are as follows (see floor plan attached): $675/mo. for smaller suites $775/mo. for two larger suites $875/mo. for large private suite/conf room All suites include utilities. Can be leased as a whole building to one Tenant or treated as co-working space/salon style suites. See link below for all capital improvement projects planned for the area by the City of Knoxville. https://www.kgis.org/CityEng/CapitalImprovements.html Tenant should confirm all zoning, parking, sq footage, etc. details independently for their required use cases.
- 24 Hour Access
- Corner Lot
- Signalized Intersection
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
- Air Conditioning
NEARBY MAJOR RETAILERS
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3907 Martin Luther King Jr Ave
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