Listing Agency: Wallace Nelson Real Estate Show Phone

Listed By: Kathy H. Parker · License #282841 Show Phone

Source: Tennesseevalleyrealty

Added: Jul 21 Changed: Oct 11 Last Checked: Oct 20 at 7:53PM

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Investment Insights

Based on property information with market context.

This freestanding retail building is offered for sale on a triple-net (NNN) basis and is well suited for retail users looking for a dedicated site. The main building is approximately 7,800 square feet and is supported by an additional 3,000 square feet of on-site storage space, with the storage area priced separately.

The property provides around 24 dedicated parking spaces for customer and staff access. It is located near Interstate 40, in close proximity to Buc-ee’s. The space has previously been occupied by Dollar General and Furniture Liquidators, demonstrating flexibility for a range of retail formats.

For operators who need both storefront and inventory support, the combination of main retail area, dedicated parking, and separate storage configuration can help streamline day-to-day merchandising and inventory management.

Key Highlights

• Freestanding retail building totaling approx. 7,800 SF available near I‑40
• On‑site storage available: approx. 3,000 SF (priced separately)
• Around 24 dedicated parking spaces for customers and staff

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$95,430

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,908,600 $1.9M

Cap Rate 7%

$1,363,286 $1.4M

Cap Rate 9%

$1,060,333 $1.1M

What to ask about pricing

Market Conditions

NOI Build-Up for 7,800 SF

Gross rent

$140.4K $18.00/SF

− Vacancy

−$4.1K −$0.52/SF

EGI

$136.3K $17.48/SF

− OpEx

−$40.9K −$5.24/SF

NOI

$95.4K $12.23/SF

Area

Sevier County, TN

Vacancy

2.90%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,908,600

Cap Rate 7%

$1,363,286

Cap Rate 9%

$1,060,333

Alternative Uses

Best Use

Retail

$1.36M

$1.19M – $1.59M (±1% cap)

NOI $95,430 @ 7.0% cap · market cap 596,437.50%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$3.29M

$2.88M – $3.84M (±1% cap)

NOI $230,256 @ 7.0% cap · market cap 1,439,100.00%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Auto Repair Shop Restaurant Auto Parts Store Hair Salon Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

56

Businesses Nearby

Explore this area Business Placement

Demographics for 37764, TN

10,583

Population

4,673

Households

2.3

Avg Household Size

42

Median Age

19%

College-Educated

88%

High-School Grad

34.1 sq mi

ZIP Area

310

Density / Sq Mi

$69,028

Median Household Income

$31,986

Median Earnings

$1,095

Median Rent

$226,200

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Frequently Asked Questions

What type of property is this?

Retail space - Freestanding retail building with dedicated parking and on-site storage, available on a triple-net basis near Interstate 40.

Where is this retail space located?

The property is located at 2560 Winfield Dunn Pkwy Kodak, TN.

What are key features of this property?

This property features: Freestanding retail building totaling approx. 7,800 SF available near I‑40; On‑site storage available: approx. 3,000 SF (priced separately); Around 24 dedicated parking spaces for customers and staff