Kroger Shopping Center

Alcoa Kroger Shopping CenterFriday, August 21st – 12:00 Noon

Auction To Be Conducted On Site

Kroger Shopping Center
244 S. Hall Road
Alcoa, Tennessee
(view Google map)

Property Details:

  • Total Rentable Square Feet – 69,710
  • Built in 1980
  • Remodeled in 2003
  • Daily Car Count – 25,000 +/-
  • Situated on Approximately 4.74 Acres
  • Kroger Occupies 59,460 Square Feet
  • CVS Occupies 10,070 Square Feet

NOTE: In the event Kroger exercises its option to purchase property under terms of the existing lease, the successful bidder will be paid $100,000.00 by the Estate in recognition of the investment of time and money by the successful bidder in this transaction. In the event the Shopping Center and Car Wash sell separately, the $100,000.00 shall be pro-rated between the two parties based on purchase price.

Kroger Lease Terms:

Current Lease Expires May 31st, 2012
Renewal Option – (2) 5-year Terms
Monthly Income of $25,570

CVS Lease Terms:

Current Lease Expires May 31st, 2012
Renewal Option – (2) 5-year Terms
Monthly Income of $5,060

Utilities Available: Electric / Water / Sewer / Gas

Zoning: Commercial

Estimated Real Estate Taxes:
Approximate Annual Real Estate County Taxes – Approx. $25,877.81
Approximate Annual Real Estate City Taxes – Approx. $24,369.24
Total Estimated Real Estate Taxes – Approx. $50,247.05

Taxes to be pro-rated at closing.

Kroger

NOTE: In the event Kroger exercises its option to purchase property under terms of the existing lease, the successful bidder will be paid $100,000.00 by the Estate in recognition of the investment of time and money by the successful bidder in this transaction. In the event the Shopping Center and Car Wash sell separately, the $100,000.00 shall be pro-rated between the two parties based on purchase price.

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