620 Parkway - Freestanding FOR SALE


Sevierville, TN 37862
$1,050,000 USD
256-520-5000
620 Parkway, Sevierville, TN for Sale
$1,050,000 USD
Freestanding - FOR SALE
1/2
null | 6.22% Cap Rate

620 Parkway
Sevierville, TN 37862


HIGHLIGHTS

  • Located in the Great Smoky Mountains!
  • Over 46,000 vehicles per day!
  • 2 - 5 year options

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$371 USD /SF

CAP RATE

6.22%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,559 SF

ZONING

C-4

APN/PARCEL ID

061B-B-002.00

ASK ABOUT THIS PROPERTY

Jonathan BroadwayLHT Commercial Real EstateMore Info
256-520-5000

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Jonathan BroadwayLHT Commercial Real EstateMore Info
256-520-5000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.