Fully Leased Strip Center with NNN
739 Dolly Parton Pkwy Sevierville, TN 37862
739 Dolly Parton Pkwy, Sevierville, TN, 37862
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For Sale
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Fully leased strip center with NNN leases and six tenants, including a 10-year Chicken Salad Chick lease.
Property Size13,697 SF
Price / SF$199.96
Days on Market106
Property Features for 739 Dolly Parton Pkwy
General Information
- Standard status
- Active
- Size
- 13,697 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2005
Listing agency
Matthews
Listed by
Tanner Sanford · License #TN 370826
Source
Crexi
Added: Apr 7 Updated: Jul 21 at 3:55AM Checked: Jul 21 at 3:55AM
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 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
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 | $246.5k | $18.00 |
| − Vacancy | −$7.1k | −$0.52 |
| EGI | $239.4k | $17.48 |
| − OpEx | −$71.8k | −$5.24 |
| NOI | $167.6k | $12.23 |
13,697 SF · lease $18.00/SF/yr · vacancy 2.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.39M
$2.09M – $2.79M
NOI $167,577 @ 7.0% cap · market cap 6.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.78M
$5.05M – $6.74M
NOI $404,335 @ 7.0% cap · market cap 14.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Papa John's Pizza
Restaurant
China 1
Restaurant
Leconte Volunteer Thrift ...
Discount Store
Cricket Wireless Authorized ...
Mobile Phone Store
Ham N Goody's
Bakery
Similar For Sale Nearby
FAQs
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 Pkwy Sevierville, TN.
What is the asking price?
The asking price for this property is $2,738,833.
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
