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SOLD | Newly Built Food City

4100 Cool Springs Road
Morristown, TN 37814
PRICE : Contact Bull Realty for information
PROPERTY TYPE: Retail
SITE SIZE: 49.74 Acres
BUILDING SIZE: 47,800 SF

Description

Bull Realty is pleased to offer this single tenant net lease Food City grocery store, located in Morristown, TN. This attractive +/- 47,600 sq ft store sits on 6+/- acres and is a new concept store with energy saving features and a new floor plan design for the Food City chain of over 106 stores. The store opened in November 2010 and features a pharmacy, florist, bakery, deli/restaurant, eating area, video, and fuel center. It is part of the larger Barton Springs retail development which has retail out parcels and an additional +/- 15,000 sq ft of additional shop space for sale. Traffic counts in front of the store exceed 18,000 vehicles per day. O’Reilly’s recently purchased one of the out parceling, planning a 2012 opening.

Food City is privately held by parent company, K-VA-T Food Stores, headquartered in Abington, VA. Founded in 1918, the parent company operates grocery outlets located throughout the Southeast, Southwest and Northeast. It is ranked 56th on Supermarket News’ “Top 75 North American Food Retailers” (January, 2011) with over $1.9 billion dollars in sales.

Morristown, TN is located approximately 50 miles northeast of Knoxville, TN and close to Interstate 81. It is in a triangle of beautiful areas including the Johnson City/Kingsport/Bristol tri-cities area and Asheville, NC. The town has a population of approximately 21,000 within a 3-mile radius with an average household income of $49,900. It is a central point for many lake and mountain homes in the region. The area has a lot of growth and job activity as well with the announcement of an new coal gasification plant which will bring over 600 jobs to the area.

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