INVESTMENT HIGHLIGHTS

• TROPHY LOCATION IN KNOXVILLE – ±3 acres on the corner of Kingston Pike and Papermill; Across from Whole Foods shopping center in the Bearden area of Knoxville.
• BELOW MARKET RENT – Extremely low rent compared to local averages. The current rent is ±$19.33/SF on average for Regas Strip Center. P.F. Chang’s is paying ±$16.57/SF on the base rent.
• STRONG STORE SALES – P.F. Chang’s has an extremely low Rent-toSales Ratio (Ground Lease).
• % RENT OVERAGES – P.F. Chang’s pays a % of their sales to landlord as additional rental income.
• PROXIMITY TO THE UNIVERSITY OF TENNESSEE – Over 36,000 students as of Fall 2023.
• HIGH TRAFFIC COUNTS – Over ±29,000 vehicles per day.
• LARGE BUILDINGS AND LOT SIZES – ±14,704 SF on ±2.99 AC.