| Title | Phipps Bend Industrial Park | ||||||
| Site Development Status | Off Market | ||||||
| Lease or Sale | Lease or Sale | ||||||
| Site Available (Acres) | 30.0 | ||||||
| Lease Rate, Year 1 | Annual Escalator | ||||||
| Sales Price | $22,500 | Per Acre or Site | Per Acre | ||||
| Summary | Open Doors Management is in discussions with Phipps Bend Industrial Park to host an energy storage development and to provide energy services to industrial tenants. The industrial park contains a ten line 500KV substation in the Tennessee Valley Authority Electrical Grid Network. The property sits within an Energy Community as it is located near the John Sevier Power Plant. TVA will support future development of an energy storage site as it has recently committed to developing 5,000 MW of renewable energy throughout their network. | ||||||
| Latitude | 36.460000 | ||||||
| Longitude | -82.810000 | ||||||
| Infrastructure Mapping Information, Open Doors | https://www.arcgis.com/home/webmap/viewer.html?webmap=f928f314504444d8a2d459fc40d2cc07&find=-82.81,36.46 | ||||||
| Site Image |  | ||||||
| KMZ File | TN Hawkins Phipps Bend.kmz | ||||||
| Term Sheet | |||||||
| County | Hawkins | ||||||
| State | TN | ||||||
| Legal Owner | DO NOT CONTACT | ||||||
For Information | Lane Sharman +1-858-342-1415 lane.sharman@opendoors.com | ||||||
| Energy Community? | |||||||
| Assignment | |||||||
| Listing URL | https://www.ragic.com/ozquantum/real-estate/6/17?embed&hidetop&embedEntry&rmlc=2vnCnAYK1j43r20240315213252ozquantum%2Freal-estate%2F6 | ||||||
| Local Utility | Tennessee Valley Authority (TVA) | ||||||
| Interconnection Brief | Ten line 500KV substation owned and operated by Tennessee Valley Authority -Five 161KV lines, Four 500KV lines and one low voltage line. -Substation receives power from 800 MW Jon Sevier Power Plant and sends power north to Virginia | ||||||
| Owner & Site Brief | Single Party Owner with 40 Year pre-negotiated Lease as Follows: -3 Year Development Phase -30 Year Base Term with Two 5 Year Extentions -2% Annual Rent Increase -Tenant to pay NNN | ||||||
| Development Brief | -Land sits within Phipps Bend Industrial District controlled by Hawkins County Industrial Development Board -Flood zone south of the property where the Holston River flows through the area | ||||||
| Site Analytics | |||||||
| Listing Sequence Number | 17 | ||||||
Site Characteristics | |||||||
| Type | Notes | Map URL | Image | File | Characteristic SeqNbr | ||
| Document Record | https://drive.google.com/file/d/10E90gFpeIaNT01aUETf6I-wdOlXl0_sk/view?usp=share_link Proposal Link | https://www.arcgis.com/home/webmap/viewer.html?webmap=f928f314504444d8A2d459fc40d2cc07&find=, | 637 | ||||
| Document Record | Covenant Link: https://docs.google.com/document/d/1K3EwVimq-XmCgL8CzxBV3t164YmkhJpX/edit?usp=sharing&ouid=115239250310590856791&rtpof=true&sd=true | https://www.arcgis.com/home/webmap/viewer.html?webmap=f928f314504444d8A2d459fc40d2cc07&find=, | 638 | ||||
| Contact Record | Patrick Lund, plund@hcgas.com, 423-358-0339 c Larry Elkins, elkinsle@hotmail.com,1 (423) 754-3495 | https://www.arcgis.com/home/webmap/viewer.html?webmap=f928f314504444d8A2d459fc40d2cc07&find=, | 657 | ||||