Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    NNN Investment Opportunity in Seymour Title is generated by Realmo AI

    10631 Chapman Hwy, Seymour, TN

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    NNN leased Subway with strong occupancy history and rent escalations.

    Type:RETAIL
    Property size:
    1,240 SF
    Lot size:
    0.35 Acres
    Price / SF:
    $528/SF
    Added:
    Jun 10, 2025
    Days on Market:
    348
    Last Refresh:
    Apr 5 at 8:44 pm

    Property Features for 10631 Chapman Hwy

    General Information

    Standard status
    Active
    Size
    1,240 SF
    Lot size
    0.35 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Keith Cunningham
    Keith Cunningham

    Listing agent Keith Cunningham License #364657

    Listing office Avison Young

    Listing date Jun 10, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Avison Young

    HighLights

    • Absolute NNN lease with zero landlord responsibilities
    • Established franchisee with 25+ year operating history
    • Predictable income stream secured through August 31, 2026, with rent escalations
    • Strategic location on Chapman Hwy
    • Opportunity to acquire as part of a three‑property Subway portfolio
    • Current lease includes three (3) remaining two‑year options

    Overview

    This property presents an excellent passive investment opportunity, operating under an absolute NNN lease that assigns zero landlord responsibilities. The franchisee has maintained continuous operation at this location for over 25 years, demonstrating a strong occupancy history and commitment to the site. The current lease includes rent escalations every two years, with three remaining two-year options, providing predictable income through at least August 31, 2026. The property is strategically located on Chapman Hwy, a major commercial corridor characterized by strong traffic counts and surrounding retail activity. The property size is 1240 square feet. This property is part of a three-property Subway portfolio. A discounted price and improved CAP rate are available if purchased together.
    Property Profile Location Intelligence

    Current Use by Public Records

    Subway Take-out & Catering

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Seymour
    County
    Sevier
    State
    Tennessee
    Longitude
    -83.7765
    Latitude
    35.879

    Nearby Similar for Sale

    • $364,900
      3,417 SF

      Seymour Multi-Family Investment Opportunity

      Multi-family property in Seymour, TN with income potential.
      108 N Knob Creek Rd, Seymour, TN 37865
      View Details
    • $899,900

      Farmhouse on 41 Acres

      Farmhouse on 41 acres with mountain views and creeks.
      Sauls Rd, Seymour, TN 37865
      View Details
    • $425,000
      3,300 SF

      Seymour Multifamily/Mixed-Use Opportunity

      Updated 8BR/4Bath property suitable for residential or commercial use.
      329 Boyds Creek Hwy, Seymour, TN 37865
      View Details
    • $2,450,000
      4,129 SF

      Seymour Restaurant Opportunity For Sale

      Full-service restaurant in Seymour, TN, with FF&E and ample parking.
      10321 Chapman Highway, Seymour, TN 37865
      View Details
    • $196,209
      880 SF

      Renovated Multi-Family Investment Opportunity

      Renovated multi-family property in Seymour, TN with income potential.
      1063 Boyds Creek Highway, Seymour, TN 37865
      View Details
    • $899,000
      3,024 SF

      Seymour Warehouse with Ample Parking

      3,024 SF warehouse with high visibility and ample parking.
      10092 Chapman Highway, Seymour, TN 37865
      View Details
    • $2,450,000
      4,129 SF

      Restaurant Property in Growing Seymour

      Full-service restaurant with ample parking in rapidly growing Seymour, TN.
      10321 Chapman Highway, Seymour, TN 37865
      View Details
    • $580,000
      5,856 SF

      Retail Building and Commercial Garage

      Two commercial properties in Seymour, TN, fully occupied and well-maintained.
      424 Maryville Hwy, Seymour, TN 37865
      View Details
    • $360,000
      1,860 SF

      Seymour Duplex Investment Opportunity

      Duplex in Seymour, TN, ideal for investment or owner-occupancy.
      113 Gray Squirrel Lane, Seymour, TN 37865
      View Details
    • $299,900
      1,581 SF

      Seymour Daycare Investment Opportunity

      Daycare facility with NNN lease, potential for new business.
      813 Wye Dr, Seymour, TN
      View Details
    • $695,000

      Seymour TN Duplex Investment

      Well-maintained duplex in Seymour, TN, generating over $5000/month.
      1008 Keener Rd, Seymour, TN 37865
      View Details
    • $4,285,000
      14,490 SF

      Walgreens NNN Lease Investment Opportunity

      NNN leased Walgreens in Seymour, TN with long-term options.
      11305 Chapman Hwy, Seymour, TN 37865
      View Details

    FAQs

    What type of property is this?
    Retail space - NNN leased Subway with strong occupancy history and rent escalations.
    Where is this retail space located?
    The property is located at 10631 Chapman Hwy Seymour, TN.
    What is the asking price?
    The asking price for this property is $654,997.
    What are key features of this property?
    This property features: Absolute NNN lease with zero landlord responsibilities; Established franchisee with 25+ year operating history; Predictable income stream secured through August 31, 2026, with rent escalations
    (865) 803-5330 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Keith Cunningham
    Keith Cunningham
    Real Estate License ID: 364657
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    10631 Chapman Hwy, Seymour, TN
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!