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239 Wears Valley Rd
Pigeon Forge, TN 37863
Sherwin-Williams · Retail Property For Sale
PROPERTY FACTS
ABOUT 239 WEARS VALLEY RD , PIGEON FORGE, TN 37863
• Premier Retail Brand: As one of America’s preeminent companies, Sherwin–Williams (NYSE: SHW) holds an investment grade credit rating (S&P: BBB), is ranked 192nd in the 2018 FORTUNE 500 and produced annual 2017 revenue approaching $15 billion. • Long-term NN Lease: Built in 2015, and opening the first week of 2016, Sherwin–Williams’ double net lease (NN) features ± 7.0 years of term remaining with four 5-year extension options, which allows the potential for 27 years of cash flow. Further, the lease provides for attractive 10%escalations at the commencement of each option. • Excellent Access and Visibility: The property is ideally located with excellent access and visibility on Wears Valley Road (Traffic Count: 23,700 VPD) near its intersection with Parkway (U.S. Route 441) (Traffic Count: 49,800 VPD), which is the main north-south thoroughfare in Pigeon Forge driving significant traffic around the site.
PROPERTY TAXES
| Parcel Number | 083I-A-001.00 | Improvements Assessment | $224,000 |
| Land Assessment | $203,720 | Total Assessment | $427,720 |
PROPERTY TAXES
