11464 Scott Hwy Helenwood, TN 37755
- Grocery and convenience stores
- 10,500 SF
Current Use by Public Records
- Family Dollar / Discount Supermarket / School Supply Store
Property Details for 11464 Scott Hwy
- Year built
- 2023
- Property size
- 10,500 SF
- Property type
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a 10,500-square-foot, single-tenant grocery store in Helenwood, Tennessee. Located at 11464 Scott Hwy, this property boasts a strong 6.70% cap rate and a compelling asking price of $1,943,283.58 ($185.07/sq ft). The property, built in 2023, is currently 100% occupied under a 10-year NNN lease (commencing October 26, 2023, and expiring October 31, 2033), leaving a substantial 9-year remaining lease term. Situated at the intersection of Scott Hwy and State Route 297/Baker Hwy, this location benefits from excellent visibility and accessibility. Helenwood's strategic location in Scott County, near Kentucky and North Carolina, and its proximity to major cities like Knoxville, Nashville, and Lexington, KY, contributes to a robust local economy. The area is further enhanced by the presence of significant employers such as Barna Log Homes, Armstrong Wood flooring, Great Dane Trailers, and Tennier Industries, ensuring a stable tenant base. The Big South Fork National River and Recreation Area, a popular tourist destination, adds to the area's appeal. This single-story building offers a secure, long-term investment with significant potential for future appreciation. The property's strong tenant, favorable lease terms, and high cap rate make it an attractive addition to any portfolio.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Helenwood
- County
- Scott
- State
- Tennessee
- Longitude
- -84.537763
- Latitude
- 36.4098045
