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Pine Mountain Village Shopping Plaza
3152 Parkway, Pigeon Forge, TN 37863
N/A
26,222 SF
Shopping Center
Strip Center
Investment
8.20%
100%
Multiple
-
Last Verified 9/8/2009
Listing ID 16288406
Description
LOTS OF UPSIDE!! BEST LOCATION IN HEART OF PIGEON FORGE *** 8.20% CAP RATE ON ACTUAL **** 13.34% CAP ON PERFORMA. *** IT WILL BE HARD TO BEAT THIS INVESTMENT AT THIS PRICE
This shopping center is prime real estate in the heart of one of the most traveled tourest attractions in the country. Highway Frontage to the main Highway and less than 1 mile to Dollywood and the smokey mountains, over 11 Million visitors every year and growing.
100% occupied and their is a lot of room to increase rents. Rents are very low and have a lot of room to increase
Current NOI $336,260 =8.20% cap rate
Potential NOI $547,298 =13.34% cap rate
The property is well maintaned and 100% full, with lower than market rents.
Lot of opportunity to create even more income.
Map of 3152 Parkway, Pigeon Forge, TN 37863 (Sevier County)
Created 6/22/2009
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.