840 Dolly Parton Pkwy - Retail FOR SALE


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

840 Dolly Parton Pkwy
Sevierville, TN 37862


HIGHLIGHTS

  • BRAND NEW CONSTRUCTION
  • FRESH NNN LEASE COMMENCING IN MAY OF 2026
  • 10% RENT BUMPS EVERY 5 YEARS
  • DOLLY PARTON PARKWAY | 50,000 CARS PER DAY
  • NEIGHBORING TENANTS: CULVER'S, MCDONALD'S, TACO BELL, WENDYS ANDY'S, BOJANGLES, AUBREYS, KFC
  • 14,000,000 ANNUAL VISITORS TO SEVIERVILLE/PIGEON FORGE

OVERVIEW

NEW 15 YEAR NNN HTEAO LEASE • The subject property features a 15 year NNN lease with 10% rent increases every 5 years in the initial lease term and options. • This property is currently under construction and features a drive-thru with two access points. Rent to commence May 1 2026. • Full passthrough lease with no landlord responsibilities. • Tenant is responsible for all expenses including taxes, insurance, parking lot, roof, and structure. HTEAO GROWTH • HTEAO is America's largest iced tea franchise & ranked #59 on Inc Magazine's 500 Regionals Southwest • Rapidly growing franchise with 165+ locations in 10 states with 100+ more locations under construction • Top 50% of stores averaging $1.4m in sales volume MAJOR RETAIL CORRIDOR • Positioned on Dolly Parton Parkway along a major retail corridor with 50,000+ vpd • Additional neighboring retailers include Culver's, Andy's Frozen Custard, McDonalds, Bojangles, Aubrey's Wendy's, A&W, Taco Bell, and KFC SEVIERVILLE & PIGEON FORGE TOURIST ATTRACTION • The site is strategically positioned just off Hwy66 & the Parkway running through Sevierville to Pigeon Forge seeing 14,000,000 annual visitors.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$1,279 USD /SF

CAP RATE

6.43%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

HTeaO Sevierville

PROPERTY TYPE

Retail

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

-

ASK ABOUT THIS PROPERTY

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.

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.