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SmartBank | Knoxville MSA 710 Dolly Parton Pky 2,520 SF Retail Building Sevierville, TN 37862 $1,740,000 ($690.48/SF) 5% Cap Rate
Investment Highlights
- 15-year absolute NNN lease with 7 years of term remaining | Rent increases 10% in 2028
- SmartBank currently has 42 bank branches across TN, AL and FL | The subject Property has strong deposits of $102M
- Busy daytime population adjacent to Food City (top 9%), Downtown Sevierville, Dollywood (3M+ visits) & Covenant Health LeConte Medical Center
- SmartFinancial, Inc. (NYSE: SMBK) is headquartered in Knoxville, TN and is the official bank of Dollywood | Total assets for SMBK exceed $5.5B
- SmartBank is well-positioned at a signalized intersection along US-441 with 42,000+ VPD
- Major retail hub near Tanger Outlets, Walmart (#1 in US), Publix, Kroger, Home Depot, BJ’s, Target, Hobby Lobby, Dick’s and HomeGoods, Lowe’s & Ross
Executive Summary
7 Years Remaining | Low Price Point | Signalized Corner 42,000+ VPD | Mins to Dollywood (3M+ Visits) | Knoxville MSA
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,520 SF
Building Class
C
Year Built/Renovated
1984/2018
Price
$1,740,000
Price Per SF
$690.48
Cap Rate
5%
NOI
$87,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.67 AC
Zoning
C-4
Parking
21 Spaces (8.33 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signalized Intersection
- Drive Thru
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 049L-A-024.00 | Improvements Assessment | $243,680 |
| Land Assessment | $177,680 | Total Assessment | $421,360 |
Property Taxes
Parcel Number
049L-A-024.00
Land Assessment
$177,680
Improvements Assessment
$243,680
Total Assessment
$421,360
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SmartBank | Knoxville MSA | 710 Dolly Parton Pky
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