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    2318 Tn-160 Newport, TN 37821

    Sponsored
    For Sale
    $1,160,000

    High-yield NNN lease, strong tenant.

    Property size:
    9,026 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 9,026 square foot grocery store located at 2318 TN-160 in Newport, Tennessee (zip code 37821). The property boasts a single-story building on a 1-acre lot (APN 014076.01) and is offered at an asking price of $1,160,000, representing a price per square foot of $128.52. The property features a 15-year absolute Net Lease (NNN) with approximately 8 years remaining on the term. The tenant is responsible for all property expenses, providing a truly passive income stream. The property generates a strong Net Operating Income (NOI) of $86,340, resulting in an attractive 7.44% capitalization rate. This is a hassle-free investment opportunity with a high-credit tenant and minimal competition in the immediate area. The property is situated in Cocke County, Tennessee. This is an ideal investment for those seeking a low-maintenance, high-return investment in a stable retail sector.

    Property Features for 2318 Tn-160

    General Information

    Property type
    Individual retail properties
    Square Feet
    9,026 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • $1,160,000 asking price for this 9,026 square foot grocery store.
    • Net lease (NNN) investment with a 7.44% cap rate and $86,340 annual net operating income (NOI).
    • 15‑year absolute NNN lease with approximately 8 years remaining.
    • Tenant responsible for all property expenses; low‑maintenance, passive income opportunity.
    • High‑credit tenant with minimal local competition.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Map

    City
    Newport
    County
    Cocke
    State
    Tennessee
    Longitude
    -83.1667006
    Latitude
    36.0813868

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    FAQs

    What type of property is this?
    Individual retail property - High-yield NNN lease, strong tenant.
    Where is this individual retail property located?
    The property is located at 2318 Tn-160 Newport, TN.
    What is the asking price?
    The asking price for this property is $1,160,000.
    What are key features of this property?
    This property features: $1,160,000 asking price for this 9,026 square foot grocery store.; Net lease (NNN) investment with a 7.44% cap rate and $86,340 annual net operating income (NOI).; 15-year absolute NNN lease with approximately 8 years remaining.
    Request Owner's contact information
    2318 Tn-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 Tn-160 Newport, TN 37821
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