3
Knoxville, Tenn. — Marcus & Millichap has negotiated the sale of an 86,584-square-foot single-tenant retail property located in Knoxville. Kohl’s has fully occupied the freestanding building on a triple-net lease since it was constructed in 1997. A Sephora store-within-a-store was also added to the Kohl’s in 2023. The property is situated on 32.7 acres, roughly eight miles from downtown Knoxville and the University of Tennessee.
Andrew Antoniou and Dominic Sulo of Marcus & Millichap’s Chicago/Oak Brook office represented the seller in the transaction. Jody McKibben served as Marcus & Millichap’s Tennessee broker of record for the deal. The buyer, a locally based investor, purchased the store for an undisclosed price.