HTeaO Sevierville 840 Dolly Parton Pkwy 2,190 SF Retail Building Sevierville, TN 37862 $3,906,560 CAD ($1,783.82 CAD/SF) 6.43% Cap Rate

This newly constructed HTeaO retail asset offers investors a rare opportunity to acquire a high-performing, net-leased property in the heart of Sevierville’s dominant retail corridor. Featuring a brand-new 15-year triple-net (NNN) lease with rent commencement slated for May 1, 2026, the property delivers long-term income stability with zero landlord responsibilities. The lease includes 10% rent escalations every five years throughout the initial term and renewal options, ensuring built-in growth and inflation protection.
HTeaO, America’s largest iced tea franchise, is experiencing rapid national expansion with over 165 locations across 10 states and more than 100 additional stores under construction. The top-performing half of its portfolio averages $1.4 million in annual sales, underscoring the brand’s strong unit economics and consumer demand. Ranked #59 on Inc. Magazine’s 500 Regionals Southwest, HTeaO’s momentum adds significant credit strength to this offering.
Strategically positioned on Dolly Parton Parkway, the property benefits from over 50,000 vehicles per day and proximity to major national retailers including McDonald’s, Wendy’s, Culver’s, Taco Bell, and KFC. The site is located just off Highway 66, a key gateway to Pigeon Forge and the Great Smoky Mountains National Park, which together attract over 14 million annual visitors. This high-traffic, tourism-driven location enhances tenant performance and long-term asset value.
With a freestanding design, drive-thru access, and full expense passthrough to the tenant—including taxes, insurance, roof, structure, and parking lot—this asset is ideal for investors seeking a passive, income-generating retail investment in a high-growth market.