Cap Rate
8%
$ per SF
$199
739 Dolly Parton Parkway, Sevierville, TN, 37862
The Shops at Sevierville I$2,738,833
Key Information
Tot. SF
13,697
Type
Retail
NOI
$219,106
Highlights
- 100% Leased | Absolute NNN Structure – Fully leased asset featuring an absolute NNN lease, delivering truly passive ownership with zero landlord responsibilities; all operating expenses (taxes, insurance, maintenance, etc.) are reimbursed by the tenant.
- Secure, Passive Cash Flow – Provides stable, predictable income with a hands-off investment profile and no exposure to operating expense volatility.
- Prime Outparcel to Food City – Strategically positioned as an outparcel to a top-performing grocery anchor, driving consistent foot traffic and long-term location viability.
- High Traffic Exposure – Located along Dolly Parton Parkway with over 40,000 vehicles per day, offering excellent visibility and accessibility.
- Top-Tier Retail Synergy – The adjacent Food City ranks in the 100th percentile statewide and nationally, while nearby AutoZone ranks in the 95th percentile in Tennessee and 96th percentile nationally (per Alpha Maps), highlighting the strength of the immediate retail corridor.
- Dominant Retail Corridor in Sevierville – Positioned within a prime commercial corridor serving the surrounding trade area, benefiting from strong local and tourist-driven traffic.
- Inflation-Resistant Investment – The NNN structure helps hedge against rising costs, preserving NOI and investor returns over time.
- Generational Hold Opportunity – Nearly three decades of remaining ground lease term offer a rare opportunity for long-term, passive income with minimal near-term risk.
Photos
Location
Agents
C
Caroline CrainLicense # 381637 (TN)
T
Tanner SanfordLicense # 370826 (TN)
C
Clay SmithLicense # 361676 (TN)
Broker of Record
Hutt Cooke
License # 263667, 356505 (TN)Matthews Real Estate Investment Services, Inc1600 West End Ave., Ste. 1500, Nashville, TN 37203