Warehouse Space for Rent

Knoxville Warehouse for rent

10606 Kingston Pike

Knoxville Warehouse for rent

10606 Kingston Pike

Knoxville (Lovell), Tennessee

Warehouse Specifications

  • Property Size :

  • Warehouse :

  • 45,000 SF

  • # 17651

Warehouse Description

This newly extended 10-year lease offers stable cash flow and minimal landlord responsibilities, featuring four (5-year) options to renew. It ensures an 8% rent increase in year 6 and each option period, providing a solid hedge against inflation.

The property boasts a strong operating history, having been built in 2015 for a regional collision repair chain that was acquired by Caliber in 2018. With six years remaining at the time of renewal, Caliber, the number one collision repair company in Tennessee and number 26 nationally, has consistently operated a high-volume center, even transferring overflow work to other Knoxville locations.

As a best-in-class tenant, Caliber Collision is corporately backed by Wand Newco 3, with a strong credit rating and over $2 billion in revenue. Hellman & Friedman, a leading private equity investment firm with $80 billion in assets, serves as the majority owner, along with OMERS and Leonard Green & Partners, managing a combined $171 billion.

The property benefits from its highly visible location on Kingston Pike, with over 33,000 vehicles passing by daily. It also enjoys proximity to Lovell Rd (TN-131) and Interstate-40, with over 43,000 and 314,000 vehicles per day, respectively.

The surrounding area is densely populated and affluent, with over 113,500 people within a 5-mile radius and an average household income exceeding $120,000 within a 3-mile radius. The submarket is rapidly growing, boasting over 13.9 million square feet of retail and restaurant space within a 5-mile radius.

Industrial and office space in the area amounts to over 15.5 million square feet, resulting in a high daytime population of over 6,800 businesses and 73,500 employees. The property is strategically positioned adjacent to a Costco Wholesale Warehouse, attracting daily-needs consumers to the immediate trade area.

Other nearby amenities include the Tennova Healthcare Turkey Creek Medical Center and the Target-anchored Pavilion of Turkey Creek Shopping Center, as well as numerous multi-family units and educational institutions. The property is approximately 14 miles from downtown Knoxville, Tennessee's third-largest city.

Knoxville Local Warehouse Experts

Dedicated to Delivering Tailored Warehouse Solutions in Knoxville, TN. At IndustrialSpaces.net, we pride ourselves on being more than a warehouse listing service. We are committed to helping businesses in Knoxville find the perfect warehouse space that aligns with their specific needs and goals.

Our Expert Services Include:

Bespoke Property Selection: Our local Knoxville experts work closely with you to identify properties that match your business requirements.
Full-Rent Process Assistance: From initial viewings to final rent signings, we offer full support to ensure a smooth and successful rental experience.
Optimised Cost Solutions: Leveraging our local market knowledge, we negotiate the best possible terms to deliver cost-effective rental solutions for your business.

With IndustrialSpaces.net, you gain a partner who understands the nuances of the Knoxville warehouse market. Reach out to us at (833) 556-5511 for a comprehensive consultation and start your journey towards securing the ideal warehouse space for your business.

Location 10606 Kingston Pike, Knoxville

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