9888 roberts rd. market report
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More Information OnlineMore Information Onlinehttp://www.kaarcie.com/listing/30663562
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Listing ID: 30663562Status: ActiveProperty Type: Business Opportunity For SaleIndustry: Food and Beverage, General MerchandiseSize: See AgentSale Price: $999,950
Overview/CommentsOverview/CommentsMAX EXPOSURE VISIBILITY! I-40 EXIT 276 IS ROUTE FOR ALL 3 NEARBYLAKES (CENTER HILL (1.5 MILES), CORDELL HULL (30 MINS.) & DALEHOLLOW (1HR.) 18-WHEELERS, RVS AND ALL OTHER LARGE VEHICLES WITHTRAILERS AND BOATS CAN GET ON AND OFF I-40 WITH EASE, PLENTY OFROOM FOR WIDE TURNS IN AND OUT OF PROPERTY. 3 PARCELS (104.00,104.01 & 104.02) TOTAL OF 4.11 USABLE ACRES. 3080 SF STORE SHELL,2000 SF STORAGE BUILDING AND 1100 SF MGR APT. ALL READY FORREMODEL. DRIVING FROM NASHVILLE TO KNOXVILLE, THIS IS ONE OF THEMOST HIGHLY VISIBLE, EASY ACCESS EXITS ON I-40 YEARLY TRAFFIC COUNTOVER 40K. GREAT PROPERTY FOR A TRUCK STOP, CONVENIENCE STORE,GAS STATION, BAIT AND BEER, RV PARK / RESORT, BNB, SHORT TERMLAKESIDE CABINS, MOTEL, FAST FOOD DRIVE THRU RESTAURANT,POSSIBILITIES ARE ENDLESS. GREAT REDEVELOPMENT OPPORTUNITY FORAN INVESTOR! AMAZING OPPORTUNITIES FOR PROMINENT, ATTENTIONGRABBING SIGNAGE (BILLBOARDS). MOTIVATED OWNER WILL FINANCE.
CALL YOUR 1 SOURCE REALTY PROS FOR DETAILS,931-267-5777
General InformationGeneral InformationIndustry: Food and Beverage, General MerchandiseIndustry Segment: Grocery and SupermarketsName of Establishment: STOP STORE (Previously Citgo)Business Website Address: https://www.loopnet.com/Listing/9888-Roberts-
Rd-Silver-Point-TN/
Gross Revenue: $0 (Annual)Cash Flow: $0 (Annual)Sale Terms: Owner will finance.
Business DetailsBusiness DetailsValue of Inventory Included ($): $0Value of Furniture, Fixtures, andEquipment ($):
$0
Value of Real Estate Included($):
$0
LocationLocationAddress: 9888 Roberts Rd, Silver Point, TN 38582County: PutnamMSA: Cookeville
9888 Roberts Rd. Market Report9888 Roberts Rd. Market ReportHIGH Feasibility for Growth & Development
I-40 Exit 276, 9888 ROBERTS RD., SILVERI-40 Exit 276, 9888 ROBERTS RD., SILVERPOINT, TNPOINT, TN9888 Roberts Rd, Silver Point, TN 38582
Prepared by Victoria Carmack, 1 Source Realty ProsNov 18, 2020 on KAAR CIE
931-261-9752 [M] 931-267-5777 [O] v@1sourcerealtypros.com264342
Page 1Page 1
Property ImagesProperty Images
20201013_135654
20201013_135731
20201013_135745
20201013_135825
20201013_140106
20201013_135654
Prepared by Victoria Carmack, 1 Source Realty ProsNov 18, 2020 on KAAR CIE
931-261-9752 [M] 931-267-5777 [O] v@1sourcerealtypros.com264342
Page 2Page 2
20201013_135731
20201013_135745
20201013_135825
20201013_140106
Comps Index
Comps Index
EnviroExit276
Prepared by Victoria Carmack, 1 Source Realty ProsNov 18, 2020 on KAAR CIE
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Page 3Page 3
EnviroExit276
FRONT
FRONT
Lakes Plat
Prepared by Victoria Carmack, 1 Source Realty ProsNov 18, 2020 on KAAR CIE
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Lakes Plat
PlatCenterHill
PlatCenterHill
PlatRoad Frontage
PlatRoad Frontage
Prepared by Victoria Carmack, 1 Source Realty ProsNov 18, 2020 on KAAR CIE
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Page 5Page 5
SIDE
SIDE
SURVEY and RESTRICTIONS
SURVEY and RESTRICTIONS
Property ContactsProperty Contacts
Victoria CarmackVictoria Carmack1 Source Realty Pros
931-261-9752 [O]
v@1sourcerealtypros.com
Prepared by Victoria Carmack, 1 Source Realty ProsNov 18, 2020 on KAAR CIE
931-261-9752 [M] 931-267-5777 [O] v@1sourcerealtypros.com264342
© Copyright Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither the administrators of this site nor Catylist assume anyliability for errors or omissions.
Page 6Page 6
This listing is being promoted through a variety of local, regional, and nationwide real estate channels.
Views from the past Year
22Listing Views
Online Marketing for 9888 Roberts RdOnline Marketing for 9888 Roberts RdSilver Point, TN 38582
22
KAARKAARhttp://www.kaarcie.comA commercial information exchange (CIE), serving TheKnoxville Area, powered by Catylist.
KnoxNewsKnoxNewshttp://knoxnews.catylist.comA local online media publication, powered by Catylist
Knoxville ChamberKnoxville Chamberhttp://knoxvillechamber.catylist.comA local Economic Development group, powered by Catylist.
Commercial ExchangeCommercial Exchangehttp://commercialexchange.comCatylist's national commercial listings marketplace,drawing thousands of visitors daily.
Prepared by Victoria Carmack, 1 Source Realty ProsNov 18, 2020 on KAAR CIE
931-261-9752 [M] 931-267-5777 [O] v@1sourcerealtypros.com264342
© Copyright Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither the administrators of this site nor Catylist assume anyliability for errors or omissions.
Page 7Page 7
883Active Listings
4.9 millionSF Available
$13.92 PSFAnnual Lease Rate
28.6%Below List
542Days on Market
Listings & Completed TransactionsListings & Completed Transactions
# Active Listings # Completed Transactions
Days on Market & Lease RateDays on Market & Lease Rate
Annual Lease Rate PSF Days on Market
This Month 3 Month Average 12 Month Average 2 Year Average Trend
511Lease Listings
515 482 498
372Sale Listings
379 378 377
2.1 million SFFor Lease
2.1 million SF 1.9 million SF 2.0 million SF
2.8 million SFFor Sale
2.8 million SF 2.8 million SF 3.0 million SF
21Leased
19 15 17
11Sold
10 12 12
$13.92 PSFAsking Lease
$13.94 PSF $13.39 PSF $13.64 PSF
$12.77 PSFReported Lease
$13.66 PSF $13.82 PSF $14.07 PSF
Retail-Commercial Summary – October, 2020Retail-Commercial Summary – October, 2020Tennessee
Prepared by Victoria Carmack, 1 Source Realty ProsNov 18, 2020 on KAAR CIE
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© Copyright Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither the administrators of this site nor Catylist assume anyliability for errors or omissions.
Page 8Page 8
DisclaimerDisclaimer: All statistics on this page have been gathered from user-loaded listings and user-
reported transactions. We have not verified accuracy and make no guarantees. By using the
information provided on this page, the user acknowledges that the data may contain errors or other
nonconformities. You and/or your client should diligently and independently verify the specifics of
the information that you are using.
Statistics courtesy of:Knoxville Area Association of REALTORS?Knoxville Area Association of REALTORS?
FrequencyFrequency: Statistics are compiled at the beginning of each month.
ReliabilityReliability: The quality of the data will vary based on many factors, including whether or notyour CIE verifies the data on an ongoing basis. Statistics based on larger numbers of listings(as indicated by the "Listings" column) are generally more trustworthy.
AccuracyAccuracy: We make all attempts to normalize these stats, but make no guarantees abouttheir accuracy. Outliers (extremely high or low values) are excluded from calculations.
CountsCounts: Listing and Transaction counts reflect the number of records with price and sizeinformation within valid ranges. The actual counts of all records in the CIE are larger.
Weighted AveragesWeighted Averages: Price averages are weighed using the square footage available.
DirectDirect: Lease statistics are direct (exclude subleases).
Lease TypesLease Types: Because of discrepancies in how lease types (NNN, Gross, etc) are reported, weignore differences in type – all types are folded together into the lease rate stats.
Below ListBelow List: Reflects the average percent difference between the original listed price and thefinal transaction price.
Net AbsorptionNet Absorption: We calculate absorption using a 90 day period.
LocationsLocations: We only allow filters for locations with at least 100 active listings.
Asking vs. ReportedAsking vs. Reported: "Asking" prices are based on active listings for the chosen locale, while"Reported" prices are calculated using completed transactions as reported by CIE members.
$105.10 PSFAsking Sale
$106.85 PSF $106.63 PSF $100.44 PSF
$79.94 PSFReported Sale
$103.34 PSF $83.33 PSF $79.94 PSF
28.6%Below List
19.9% 19.2% 18.8%
542Days on Market
529 435 403
Retail-Commercial Investment Summary by Submarket – Last 3 MonthsRetail-Commercial Investment Summary by Submarket – Last 3 Months
SubmarketSubmarket # Listings# Listings # Closed# Closed Asking LeaseAsking Lease Reported LeaseReported LeaseKnoxville 681 26 $13.28 PSF $12.41 PSFMaryville 115 4 $13.18 PSF $23.50 PSFSevierville 75 3 $11.68 PSF $25.64 PSFPigeon Forge 52 1 $21.28 PSF $38.10 PSFLenoir City 54 1 $19.63 PSF $17 PSF
Prepared by Victoria Carmack, 1 Source Realty ProsNov 18, 2020 on KAAR CIE
931-261-9752 [M] 931-267-5777 [O] v@1sourcerealtypros.com264342
© Copyright Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither the administrators of this site nor Catylist assume anyliability for errors or omissions.
Page 9Page 9
Radius: 3 miles 5 miles
2023 Projection 1,227 8,4042018 Estimate 1,237 8,3712015 Estimate 1,308 8,783
2010 Census 1,265 8,396Growth 2018-2023 -0.81% 0.39%Growth 2015-2018 -5.43% -4.69%Growth 2010-2015 3.4% 4.61%
Radius: 3 miles 5 miles
2023 Projection 621 4,0902018 Estimate 621 4,0862015 Estimate 661 4,315
2010 Census 645 4,143Growth 2018-2023 0% 0.1%Growth 2015-2018 -6.05% -5.31%Growth 2010-2015 2.48% 4.15%
Disclaimer:Disclaimer: While we believe this information (via GeoLytics) to be reliable, we have not checked its accuracy and make no guarantee as to its validity. By using the information provided on this page, the
user acknowledges that the data may contain errors or other nonconformities. You and/or your client should diligently and independently verify the specifics of the information that you are using.
PopulationPopulation
Population (Male)Population (Male)
Demographics, Labor/Workforce, and Consumer ExpendituresDemographics, Labor/Workforce, and Consumer Expenditures9888 Roberts Rd, Silver Point, TN
Prepared by Victoria Carmack, 1 Source Realty ProsNov 18, 2020 on KAAR CIE
931-261-9752 [M] 931-267-5777 [O] v@1sourcerealtypros.com264342
© Copyright Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither the administrators of this site nor Catylist assume anyliability for errors or omissions.
Page 10Page 10
Radius: 3 miles 5 miles
2023 Projection 606 4,3142018 Estimate 616 4,2852015 Estimate 647 4,468
2010 Census 620 4,253Growth 2018-2023 -1.62% 0.68%Growth 2015-2018 -4.79% -4.1%Growth 2010-2015 4.35% 5.06%
Radius: 3 miles 5 miles
Age 0 to 5 77 570Age 5 to 10 71 537
Age 10 to 15 74 539Age 15 to 20 78 520Age 20 to 25 79 515Age 25 to 30 87 512Age 30 to 35 85 502Age 35 to 40 79 503Age 40 to 45 76 503Age 45 to 50 79 531Age 50 to 55 76 544Age 55 to 60 74 526Age 60 to 65 73 498
Age 65 and over 229 1,571Total Population 1,237 8,371
Median Age 35.6 38.85
Radius: 3 miles 5 miles
Age 0 to 5Age 5 to 10Age 10 to 15Age 15 to 20Age 20 to 25Age 25 to 30Age 30 to 35Age 35 to 40Age 40 to 45Age 45 to 50Age 50 to 55Age 55 to 60Age 60 to 65Age 65 and over
6% 7%
6% 6%
6% 6%
6% 6%
6% 6%
7% 6%
7% 6%
6% 6%
6% 6%
6% 6%
6% 6%
6% 6%
6% 6%
19% 19%
Radius: 3 miles 5 miles
2010 Census 40.9 41.1
Radius: 3 miles 5 miles
2010 Census 46.63 42.99
Radius: 3 miles 5 miles
High School Graduate (orGED)
296 2,106
Some College, No Degree 141 880Associate or Bachelor's
Degree20 82
Master's Degree 11 126Professional School Degree 2 36
Doctorate Degree 0 44Total High School
Graduates Age 25+470 3,274
Radius: 3 miles 5 miles
High School Graduate (orGED)Some College, No DegreeAssociate or Bachelor'sDegreeMaster's DegreeProfessional School DegreeDoctorate Degree
63% 64%
30% 27%
4% 3%
2% 4%
0% 1%
0% 1%
Population (Female)Population (Female)
Population by AgePopulation by Age (2018 Estimate)
Median Age (Male)Median Age (Male)
Median Age (Female)Median Age (Female)
High School Graduates Age 25+ by Educational AttainmentHigh School Graduates Age 25+ by Educational Attainment (2018 Estimate)
Prepared by Victoria Carmack, 1 Source Realty ProsNov 18, 2020 on KAAR CIE
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© Copyright Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither the administrators of this site nor Catylist assume anyliability for errors or omissions.
Page 11Page 11
Radius: 3 miles 5 miles
2023 Projection 528 3,4192018 Estimate 532 3,4052015 Estimate 562 3,574
2010 Census 544 3,416Growth 2018-2023 -0.75% 0.41%Growth 2015-2018 -5.34% -4.73%Growth 2010-2015 3.31% 4.63%
Radius: 3 miles 5 miles
2023 Projection 2.32 2.462018 Estimate 2.33 2.462015 Estimate 2.3 2.45
2010 Census 2.32 2.45Growth 2018-2023 -0.43% -0.06%Growth 2015-2018 1.3% 0.59%Growth 2010-2015 -0.86% -0.35%
Radius: 3 miles 5 miles
Family Households 337 2,385Married-couple family 262 1,849
With own childrenunder 18 years
92 638
No own childrenunder 18 years
170 1,211
Male Householder: nowife present
27 184
With own childrenunder 18 years
10 84
No own childrenunder 18 years
17 100
Female Householder:no husband present
48 352
With own childrenunder 18 years
23 181
No own childrenunder 18 years
25 171
Nonfamily Households 195 1,0201 Person households 171 8772+ Unrelated people 24 143
Total Households 532 3,405
Radius: 3 miles 5 miles
Family HouseholdsMarried-couple family
With own childrenunder 18 yearsNo own childrenunder 18 years
Male Householder: nowife present
With own childrenunder 18 yearsNo own childrenunder 18 years
Female Householder:no husband present
With own childrenunder 18 yearsNo own childrenunder 18 years
Nonfamily Households1 Person households2+ Unrelated people
63% 70%
49% 54%
17% 19%
32% 36%
5% 5%
2% 2%
3% 3%
9% 10%
4% 5%
5% 5%
37% 30%
32% 26%
5% 4%
HouseholdsHouseholds
Average Household SizeAverage Household Size
Households by Household Type and Size and Presence of ChildrenHouseholds by Household Type and Size and Presence of Children (2018 Estimate)
Prepared by Victoria Carmack, 1 Source Realty ProsNov 18, 2020 on KAAR CIE
931-261-9752 [M] 931-267-5777 [O] v@1sourcerealtypros.com264342
© Copyright Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither the administrators of this site nor Catylist assume anyliability for errors or omissions.
Page 12Page 12
Radius: 3 miles 5 miles
Less than $25,000 236 1,290$25,000 to $49,999 165 939$50,000 to $74,999 103 646$75,000 to $99,999 20 227
$100,000 to $124,999 0 135$125,000 to $149,999 6 60$150,000 to $199,999 2 78
$200,000 or more 0 30Total Households 532 3,405
Average Household Income $32,710 $45,706.27Median Household Income $26,463 $39,204.10
Radius: 3 miles 5 miles
Less than $25,000$25,000 to $49,999$50,000 to $74,999$75,000 to $99,999$100,000 to $124,999$125,000 to $149,999$150,000 to $199,999$200,000 or more
44% 38%
31% 28%
19% 19%
4% 7%
0% 4%
1% 2%
0% 2%
0% 1%
Radius: 3 miles 5 miles
Less than $25,000 234 1,291$25,000 to $49,999 164 944$50,000 to $74,999 102 651$75,000 to $99,999 20 226
$100,000 to $124,999 0 136$125,000 to $149,999 6 60$150,000 to $199,999 2 80
$200,000 or more 0 31Total Households 528 3,419
Average Household Income $32,635 $46,018.10Median Household Income $24,219 $40,214.29
Radius: 3 miles 5 miles
Less than $25,000$25,000 to $49,999$50,000 to $74,999$75,000 to $99,999$100,000 to $124,999$125,000 to $149,999$150,000 to $199,999$200,000 or more
44% 38%
31% 28%
19% 19%
4% 7%
0% 4%
1% 2%
0% 2%
0% 1%
Radius: 3 miles 5 miles
2018 Estimate $14,068 $18,515.952015 Estimate $14,515 $18,690.48
Growth 2015-2018 -3.08% -0.93%
Radius: 3 miles 5 miles
2018 Estimate 6.1% 4.95%2015 Estimate 12.22% 8.76%
Growth 2015-2018 -50.08% -43.48%
Radius: 3 miles 5 miles
Labor Force 576 3,831Civilian, Employed 541 3,643
Civilian, Unemployed 35 188Not in Labor Force 423 2,783
Total Population Age 16+ 999 6,614
Radius: 3 miles 5 miles
Labor ForceCivilian, EmployedCivilian, Unemployed
Not in Labor Force
58% 58%
54% 55%
4% 3%
42% 42%
Households by Household IncomeHouseholds by Household Income (2018 Estimate)
Households by Household IncomeHouseholds by Household Income (2023 Projection)
Per Capita IncomePer Capita Income
Unemployment RateUnemployment Rate
Population Age 16+ By Employment StatusPopulation Age 16+ By Employment Status (2018 Estimate)
Prepared by Victoria Carmack, 1 Source Realty ProsNov 18, 2020 on KAAR CIE
931-261-9752 [M] 931-267-5777 [O] v@1sourcerealtypros.com264342
© Copyright Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither the administrators of this site nor Catylist assume anyliability for errors or omissions.
Page 13Page 13
Radius: 3 miles 5 miles
Agriculture, forestry,fishing and hunting,
mining and construction32 542
Manufacturing 66 624Wholesale & retail trade 72 546
Transportation andwarehousing, and utilities
6 135
Information 0 57Finance, insurance, real
estate and rental andleasing
5 115
Professional, scientific,and technical services
59 334
Educational, health andsocial services
127 590
Arts, entertainment,recreation, accommodation
and food services84 281
Other services (exceptpublic administration)
86 281
Public Administration 4 138Total Employed Civilian
Population Age 16+541 3,643
Radius: 3 miles 5 miles
Agriculture, forestry,fishing and hunting,mining and constructionManufacturingWholesale & retail tradeTransportation andwarehousing, and utilitiesInformationFinance, insurance, realestate and rental andleasingProfessional, scientific,and technical servicesEducational, health andsocial servicesArts, entertainment,recreation, accommodationand food servicesOther services (exceptpublic administration)Public Administration
6% 15%
12% 17%
13% 15%
1% 4%
0% 2%
1% 3%
11% 9%
23% 16%
16% 8%
16% 8%
1% 4%
Radius: 3 miles 5 miles
Vacant Housing Units 235 1,048Occupied Housing Units 532 3,405
Owner-Occupied 441 2,781Renter-Occupied 91 624
Total Housing Units 767 4,453
Radius: 3 miles 5 miles
Vacant Housing UnitsOccupied Housing Units
Owner-OccupiedRenter-Occupied
31% 24%
69% 76%
57% 62%
12% 14%
Employed Civilian Population Age 16+ by IndustryEmployed Civilian Population Age 16+ by Industry (2018 Estimate)
Housing Units by TenureHousing Units by Tenure (2018 Estimate)
Prepared by Victoria Carmack, 1 Source Realty ProsNov 18, 2020 on KAAR CIE
931-261-9752 [M] 931-267-5777 [O] v@1sourcerealtypros.com264342
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