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Shopping Strip

Norris Town Center

11 W Norris Rd, Norris, TN 37828

Listing Price: $614,600

Cap Rate
7.25%
Gross SF
15,753
Rentable SF
15,753
Price/Gross SF
$39.01
Lot Size
0.84 acres
Year Built
1934

Investment Overview

Marcus & Millichap is pleased to present this multi-tenant office and retail property located in Norris, Tennessee known as Norris Square Shopping Center. The 0.84-acre property is improved with 15,753 square foot of leasable space. The complex is located adjacent to Norris Middle School and serves as a retail hub for the surrounding community. Norris is located 21 miles north of Knoxville, TN and is part of the Knoxville MSA. Norris Square Shopping Center was built in 1934 and renovated in 1980. The property consists of 5 units in total. It is currently 100% occupied. All tenants are on staggered leases. Anchor tenants are a grocery operator and local Post Office.

Investment Highlights

  • 100% Occupied
  • Knoxville MSA
  • High Visibility Corner

Exclusively Listed By

Shopping Strip

Norris Town Center

Listing Price: $614,600

Cap Rate
7.25%
Gross SF
15,753
Rentable SF
15,753
Price/Gross SF
$39.01
Lot Size
0.84 acres
Year Built
1934

Investment Highlights

  • 100% Occupied
  • Knoxville MSA
  • High Visibility Corner

Investment Overview

Marcus & Millichap is pleased to present this multi-tenant office and retail property located in Norris, Tennessee known as Norris Square Shopping Center. The 0.84-acre property is improved with 15,753 square foot of leasable space. The complex is located adjacent to Norris Middle School and serves as a retail hub for the surrounding community. Norris is located 21 miles north of Knoxville, TN and is part of the Knoxville MSA. Norris Square Shopping Center was built in 1934 and renovated in 1980. The property consists of 5 units in total. It is currently 100% occupied. All tenants are on staggered leases. Anchor tenants are a grocery operator and local Post Office.

Exclusively Listed By

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