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620 Parkway 2,828 SF Retail Building Sevierville, TN 37862 $1,465,716 CAD ($518.29 CAD/SF) 6.22% Cap Rate
INVESTMENT HIGHLIGHTS
- Located in the Great Smoky Mountains!
- 2 - 5 year options
- Over 46,000 vehicles per day!
EXECUTIVE SUMMARY
AT&T store in the Great Smoky Mountains! LOCATION LOCATION LOCATION! This store is located along the Parkway (main road) in Sevierville, TN. Over 45,000 vehicles per day on the Parkway. Sevierville is the county seat of Sevier County Tennessee located in east Tennessee. The tenant has been in operation here since 1978. Renewed lease demonstrates long-term commitment to this location. High performing tourism corridor plus stable income stream. This store is a NN lease. The 2,828 square foot building sits on about 1/2 acre lot right in the middle of the commercial corridor! The lease expires Sept 30, 2028 and has 2 - 5 year options. There is a 10% increase at each option period. The yearly rental income is $65,326.80. 6.2% CAP with a Sales Price of $1,050,000.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,828 SF
Building Class
C
Year Built
1978
Price
$1,465,716 CAD
Price Per SF
$518.29 CAD
Cap Rate
6.22%
NOI
$91,191 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.56 AC
Zoning
C-4 - A C-4 zoning designation in Tennessee is typically for heavy commercial uses and can vary by municipality.
Parking
25 Spaces (9.12 Spaces per 1,000 SF Leased)
Frontage
77’ on Parkway Hwy
AMENITIES
- Pylon Sign
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 061B-B-002.00 | Improvements Assessment | $90,239 CAD |
| Land Assessment | $321,615 CAD | Total Assessment | $411,855 CAD |
PROPERTY TAXES
Parcel Number
061B-B-002.00
Land Assessment
$321,615 CAD
Improvements Assessment
$90,239 CAD
Total Assessment
$411,855 CAD
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LHT Commercial Real Estate
620 Parkway
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