Prime Development Opportunity: The offering consists of 10.484 acres of fully entitled, flat land. Current owners already have building plans in place for 185 units, with up to 209 units allowed if new ownership wanted to add additional plans.
#7 Fastest Growing Metro: Morristown ranked 7th amongst US metro areas for most population growth as of 2022. The population has grown 22.6% since 2016 with the population going from 117,320 to 143,855.
Significant Home Value Growth: Morristown has seen significant home value appreciation over the last five years with the average single family home value increasing 65.1%. This has placed additional strain on home buyers, causing many to remain in the renter pool.
Proximity To Morristown’s Demand Drivers: The Landings at Thompson Creek is located near Morristown’s demand drivers, including:
Access To Morristown’s Major Retail: The Landings at Thompson Creek is located near Morristown’s best retail, including:
THIS CONFIDENTIALITY AND BROKERAGE AGREEMENT ("Agreement") is made and agreed to by you ("Prospective Buyer") for the benefit of THE KIRKLAND COMPANY ("Broker"), with respect to certain real property ("The Landings at Thompson Creek") located in Morristown, Tennessee.
BACKGROUND:
1 The Offering Memorandum has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the Property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective buyer may need or desire. All projections have been developed by Broker and designated sources and are based upon assumptions relating to the general economy, competition, and other factors beyond the control of the Owner and therefore are subject to variation.
NOW THEREFORE, the parties agree, in consideration of the covenants and agreements contained herein, as follows:
By submitting this form, you have acknowledged, read, and agreed to this above Confidentiality and Brokerage Agreement.
THIS CONFIDENTIALITY AND BROKERAGE AGREEMENT ("Agreement") is made and agreed to by and between THE KIRKLAND COMPANY ("Broker"), and "Prospective Buyer" with respect to the sale of certain real property located in Morristown, Tennessee and known as The Landings at Thompson Creek (“Property”).
NOW THEREFORE, the parties agree, in consideration of the covenants and agreements contained herein, as follows: