New Parkway Property in Sevier County!

Retail-Commercial for Sale
Catylist Listing ID: 30331254
Property Subtypes: Free-Standing Building, Mixed Use, Retail-Pad, Other
Building Size (RSF): 10,450 SF
Gross Land Area: 2.65 Acres
Sale Price: $1,200,000
Unit Price: $114.83 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Building Name: Dollar General; strip building next door; lot behind
Usable Size (USF): 10,450 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/16/2018

Overview / Comments

For sale - 0.89 acre lot on the Parkway containing a 6,996 sf building housing a Dollar General Store; an 0.65 acre lot on the Parkway containing a 3,596 sf building next door to the Dollar General that can be used for retail; and a 1.11 acre raw land lot behind these two parcels totaling 2.65 acres of land on the parkway with two buildings. This property is not being offered as an investment because the Dollar General lease expires in 2019 and they will not renegotiate new lease terms until 90 days before their lease expires. If they should choose to extend their lease, then this property is a steal at this price. The building next door on 2558 Winfield Dunn needs some work to be used as retail or could be torn down and a large ongoing concern could be created using this tract plus the 1.11 acre land tract behind to create 1.76 acres for a new concept in addition to owning the Dollar General building.

Attachments & Media

Current Tenants

Tenant Business Name Dollar General
Is Renting? Yes

Additional Details

Nearest MSA: Sevierville
County: Sevier
Zoning: C4
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Visibility: Good
Largest Nearby Street: Highway 66/Winfield Dunn Parkway256.58
Feet of Frontage: 256
Highway Access: I-40 & Hwy 66
Site Description: Two primary tracts are directly on the Parkway; land tract is behind the two Parkway tracts
Area Description: Sevier County is one of the primary tourist destinations in the Southeast US. This property is directly on the road to get to Gatlinburg and Pigeon Forge.
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Good
Year Built: 2002
Parking Type: Surface
Zoning Description: C4
Lot Frontage: 256.58 feet
Lot Depth: 285 feet
Land Ownership: fee simple

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 8,507 25,630
Median Age: 41.51 39.94
Households: 3,315 9,888
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