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    2318 Highway 160 Newport, TN 37821

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    For Sale
    $1,079,250

    NNN leased retail property with 8 years of term.

    Property size:
    9,026 SF
    Lot size:
    5.00 Acres

    Property Features for 2318 Highway 160

    General Information

    Size
    9,026 SF
    Lot size
    5.00 Acres

    Source: Lee & Associates | Greenville/Spartanburg Agent P. Randall Bentley, SIOR, CCIM

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

    Overview

    NNN Lease Investment Opportunity

    This property is subject to a 15-year absolute NNN lease, with approximately 8 years remaining on the term. The tenant assumes responsibility for all property expenses. This investment opportunity offers a hassle-free income stream. The tenant is a high-credit entity with limited competition in the immediate vicinity of the property.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Auto Repair Shop Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Cocke
    State
    Tennessee
    Longitude
    -83.166421
    Latitude
    36.08328

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    FAQs

    What type of property is this?
    NNN property - NNN leased retail property with 8 years of term.
    Where is this nnn property located?
    The property is located at 2318 Highway 160 Newport, TN.
    What is the asking price?
    The asking price for this property is $1,079,250.
    What are key features of this property?
    This property features: - 15-year absolute NNN lease; - Close to 8 years of lease term remaining; - Tenant responsible for all property expenses
    (864) 444-2842
    Request Owner's contact information
    2318 Highway 160 Newport, TN 37821
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    Newport, TN 37821
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    Realmo Value Estimation

    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.

    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.

    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
    2318 Highway 160 Newport, TN 37821
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