840 Dolly Parton Pkwy - Restaurant FOR SALE


Sevierville, TN 37862
$2,800,000 USD
408-859-6154
840 Dolly Parton Pkwy, Sevierville, TN for Sale
$2,800,000 USD
Restaurant - FOR SALE
1/8
null | 6.43% Cap Rate

840 Dolly Parton Pkwy
Sevierville, TN 37862


HIGHLIGHTS

  • Brand-new 15-year NNN lease with 10% rent bumps every 5 years
  • Zero landlord responsibilities; full expense passthrough
  • Tenant: HTeaO, fastest-growing iced tea franchise in the U.S.
  • Positioned on Dolly Parton Parkway with 50,000+ VPD
  • Located near Dollywood and Great Smoky Mountains National Park
  • Surrounded by national QSRs and retail anchors

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$1,279 USD /SF

CAP RATE

6.43%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

HTeaO Sevierville

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

-

APN/PARCEL ID

049M-D-001.00

ASK ABOUT THIS PROPERTY

Will WegnerOliver Smith Realty & Development CompanyMore Info
408-859-6154

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Will WegnerOliver Smith Realty & Development CompanyMore Info
408-859-6154

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