Fully Leased Strip Center with NNN
For Sale
$2,577,717
739 Dolly Parton Parkway, Sevierville, TN 37862
Fully leased strip center with NNN leases and six tenants, including a 10-year Chicken Salad Chick lease.
Property Size13,697 SF
Price / SF$188.20
Days on Market196
Property Features for 739 Dolly Parton Parkway
General Information
Standard status
Active
Size
13,697 SF
Property subtype
Commercial
Occupancy
100%
Net Operating Income
$219,106
Additional Details
Business Included
Yes
Building Details
Building Size
13,697 SF
Tenancy
Multi
Listed By:
Caroline Crain · License #381637 (TN)
(256) 251-2667
Source:
Matthews
Added: Apr 7
Changed: Oct 11
Last Checked: Oct 19 at 3:12AM
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 Caroline Crain
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Investment Insights
Based on property information with market context.
This fully leased strip center offers a leasehold interest and is arranged under NNN lease terms. The property totals 13,697 SF and is currently occupied by a diverse six-tenant mix, highlighted by a new Chicken Salad Chick 10-year lease. Approximately 30 years of remaining ground lease term is noted as part of the offering.
Located at 739 Dolly Parton Pkwy in Sevierville, TN, the center is positioned as an outparcel to Food City and benefits from visibility and traffic exposure along one of the area’s primary retail corridors. The property is also described as just minutes from Dollywood, supporting consistent traffic to the surrounding area.
Located at 739 Dolly Parton Pkwy in Sevierville, TN, the center is positioned as an outparcel to Food City and benefits from visibility and traffic exposure along one of the area’s primary retail corridors. The property is also described as just minutes from Dollywood, supporting consistent traffic to the surrounding area.
Key Highlights
- Fully leased 13,697 SF strip center with NNN leases and six‑tenant mix in Sevierville, TN
- New Chicken Salad Chick 10‑year lease is part of the tenant mix
- Approximately 30 years remaining on the ground lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$167,577
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,351,540
$3.4M
Cap Rate 7%
$2,393,957
$2.4M
Cap Rate 9%
$1,861,967
$1.9M
Market Conditions
NOI Build-Up for 13,697 SF
Gross rent
$246.5K $18.00/SF
− Vacancy
−$7.1K −$0.52/SF
EGI
$239.4K $17.48/SF
− OpEx
−$71.8K −$5.24/SF
NOI
$167.6K $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%
$3,351,540
Cap Rate 7%
$2,393,957
Cap Rate 9%
$1,861,967
Alternative Uses
Best Use
Retail
$2.39M
$2.09M – $2.79M
NOI $167,577 @ 7.0% cap · market cap 6.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.78M
$5.05M – $6.74M
NOI $404,335 @ 7.0% cap · market cap 15.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
672
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 37862, TN
23,236
Population
13,676
Households
1.7
Avg Household Size
43
Median Age
23%
College-Educated
87%
High-School Grad
81.8 sq mi
ZIP Area
284
Density / Sq Mi
$58,110
Median Household Income
$31,490
Median Earnings
$956
Median Rent
$283,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Shopping center - Fully leased strip center with NNN leases and six tenants, including a 10-year Chicken Salad Chick lease.
Where is this shopping center located?
The property is located at 739 Dolly Parton Parkway Sevierville, TN.
What is the asking price?
The asking price for this property is $2,577,717.
What are key features of this property?
This property features: Fully leased 13,697 SF strip center with NNN leases and six‑tenant mix in Sevierville, TN; New Chicken Salad Chick 10‑year lease is part of the tenant mix; Approximately 30 years remaining on the ground lease
