Sevierville Retail Investment Property

725 Parkway Sevierville, TN

725 Parkway , Sevierville, TN
725 Parkway , Sevierville, TN 725 Parkway , Sevierville, TN 725 Parkway , Sevierville, TN 725 Parkway , Sevierville, TN
FOR SALE NNN Property
Property Type:
Strip Center
Amount:
$3,990,000
Cap Rate:
4.30%
Last Verified:
Apr 12, 2021

Retail Center comprised of (11) Suites located on the "in-bound" side of the Parkway in Sevierville, TN located South of the Downtown and RiverPlace Shopping Center. Rents are below market and there is upside potential by filling vacancies. Tenants include El Primo Market/ Restaurant in space since 2004, expanded 2005 and 2017. Lee's Total Health since 2006, Nail Salon since 2007, EZ Rentals since 2016, and World o Wireless since 2018. Currently (1) 5,040 SF Vacant and (3) 1,500 SF Vacant. Do not disturb tenants or businesses.

Map of 725 Parkway , Sevierville, TN

Presented by:

Request additional information


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.