Fully Leased Retail Strip
737 Dolly Parton Pkwy Sevierville, TN 37862
737 Dolly Parton Pkwy, Sevierville, TN, 37862
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For Sale
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Fully leased strip center with absolute NNN leases and zero landlord responsibilities.
Property Size13,790 SF
Price / SF$182.04
Days on Market112
Property Features for 737 Dolly Parton Pkwy
General Information
- Standard status
- Active
- Size
- 13,790 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2005
Listing agency
Matthews
Listed by
Tanner Sanford · License #TN 370826
Source
Crexi
Added: Apr 2 Updated: Jul 21 at 3:23PM Checked: Jul 21 at 3:23PM
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 Matthews
Investment Insights
Based on property information with market context.
This fully leased retail strip center totals 13,790 SF and is offered with absolute NNN leases, with zero landlord responsibilities. The center is supported by a 5-tenant mix that includes AutoZone and FedEx/Kinko's. A nearly 30-year ground lease term remains.
The property is located on Dolly Parton Parkway in Sevierville, Tennessee. It also includes a prime outparcel to Food City with high traffic exposure.
The property is located on Dolly Parton Parkway in Sevierville, Tennessee. It also includes a prime outparcel to Food City with high traffic exposure.
Key Highlights
- Fully leased 13,790 SF strip center (year built 2005) in Sevierville, TN
- Absolute NNN leases with zero landlord responsibilities
- 7.75% cap rate with $194,552 NOI
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $248.2k | $18.00 |
| − Vacancy | −$7.2k | −$0.52 |
| EGI | $241.0k | $17.48 |
| − OpEx | −$72.3k | −$5.24 |
| NOI | $168.7k | $12.23 |
13,790 SF · lease $18.00/SF/yr · vacancy 2.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.41M
$2.11M – $2.81M
NOI $168,715 @ 7.0% cap · market cap 6.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.82M
$5.09M – $6.78M
NOI $407,081 @ 7.0% cap · market cap 16.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
La Catrachada Mexican ...
Restaurant
FedEx Office Print ...
Courier Service
Discount Tobacco King
(Bike/Boat/Book/etc) Store
OneMain Financial
Loan Service
Rush My Passport
Travel Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - Fully leased strip center with absolute NNN leases and zero landlord responsibilities.
Where is this strip mall located?
The property is located at 737 Dolly Parton Pkwy Sevierville, TN.
What is the asking price?
The asking price for this property is $2,510,348.
What are key features of this property?
This property features: Fully leased 13,790 SF strip center (year built 2005) in Sevierville, TN; Absolute NNN leases with zero landlord responsibilities; 7.75% cap rate with $194,552 NOI
