In December of 2019, Emerald Creek Capital provided a $3,050,000 acquisition loan in Powell, TN. The loan is secured by an 18,194 square foot retail property occupied by a PetSmart under a long-term lease. Built in 2018, the zero lot line building is adjacent to a Kroger Marketplace and is situated on a 3.42-acre site. Located 10 miles north of the city of Knoxville, Powell is a suburban area comprised of residential neighborhoods and commercial development. Home to the University of Tennessee, Knoxville itself is a lively city on the Tennessee River offering an array of historic sites, trendy new restaurants, and shops. The subject property is situated on an active and easily accessible commercial corridor directly off Interstate-75.
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