Kroger - Maryville
For sale507 Foothills Plaza Dr, Maryville, TN 37801
Property type
Retail
Price
$2,500,000
Building size
113,531 sf
Rentable area
113,531 SF
Year built
2014
Year renovated
Occupancy
Zoning code
Lot size
11.37 Acres
CAP
4.00%
Price per SF
$22.02
Property description
Franklin Street is pleased to present the opportunity to acquire a grocery-anchored investment in one of Maryville, Tennessee's most active commercial corridors. Situated along Foothills Mall Drive with direct exposure to the US-129 Bypass, which carries 45,000 vehicles per day, the property benefits from excellent visibility, strong daily traffic, and direct connectivity to the region's dominant retail center. Supported by Kroger's brand strength and Maryville's role as the Blount County seat, the asset offers durable fundamentals and long-term investment stability. The property is supported by a reliable tenancy profile, with Kroger Marketplace serving as anchor under a NNN ground lease, structured to deliver consistent cash flow and investor security. The surrounding submarket continues to benefit from steady population growth, expanding employment drivers tied to the Knoxville metro, and ongoing roadway infrastructure improvements throughout Maryville and Blount County. Maryville's commercial ecosystem is anchored by national and regional operators, including BJ's Wholesale Club, Belk, AMC Theatres, and T.J. Maxx at Foothills Mall, alongside a variety of grocery, dining, medical, and automotive service providers. This concentration of essential retail drives consistent consumer activity from residents, commuters, and the daytime workforce. The corridor offers efficient access to US-129, US-321, and downtown Maryville, reinforcing visibility and ensuring a stable customer base. Strong local demographics, supported by a high-income household base and continued residential development, further enhance the property's competitive positioning within the market.
Property highlights
- Grocery-Anchored Investment: Kroger Marketplace, a 113,000 SF store built in 2015, operating as one of only four Kroger Marketplace concepts in the greater Knoxville area.
- Prime Position: Immediately adjacent to Foothills Mall, a 478,768 SF regional center recently re-anchored by BJ's Wholesale Club alongside Belk, AMC Theatres, and T.J. Maxx, along the US-129 Bypass retail corridor.
- High-visibility Intersection: Foothills Mall Drive and the US-129 Bypass form the primary retail spine of Blount County, with traffic counts of 45,000 vehicles per day on US-129 and 14,600 vehicles per day on Foothills Mall Drive.
- Strong Demographics: Maryville serves as the county seat of Blount County, with a population exceeding 32,500 residents and a median household income of approximately $81,963.
- Knoxville MSA Proximity: Located minutes from Alcoa and Knoxville, positioning the trade area within the broader Knoxville Metropolitan Area's retail, healthcare, and employment base.
- Growing Trade Area: Foothills Mall continues to attract new investment, with BJ's Wholesale Club backfilling the former JCPenney anchor box in 2025, reinforcing demand for the surrounding retail corridor.