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32448796
32448811

710 Dolly Parton Parkway, Sevierville, TN 37862

AB
GA 373002
TSCG The Shopping Center Group Atlanta
JL
GA 329650
TSCG The Shopping Center Group Atlanta
TSCG The Shopping Center Group Atlanta
Listed by TSCG The Shopping Center Group Atlanta
$1,740,000
27 days on market
Updated 27 days ago

SmartBank | Near Dollywood | Knoxville MSA

Details
Property Type Retail
Sub Type Bank, Freestanding
Square Footage 2,520
Units 21
Cap Rate 5.00%
NOI $87,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 05/31/2033
Remaining Term 7
Rent Bumps Yes
Lease Options 3 x 5 Years
Pro-Forma Cap Rate 5.52%
Broker Co-Op True
Year Built 1984
Year Renovated 2018
Acreage 0.680
Parking Spaces 21 spaces
Parking Per SqFt 8.33
Investment Type Net Lease
Lease Commencement 05/05/2018
Ground Lease No

Signalized Corner 42,000+ VPD | Mins to Dollywood (3M+ Visits) | Knoxville MSA

Investment highlights

ABS NNN LEASE | REGIONAL BANK BRANCH WITH 42+ LOCATIONS

  • 15-year initial lease term with 7 years of term remaining
  • Absolute NNN lease structure | Zero landlord responsibilities
  • SmartFinancial, Inc. (NYSE: SMBK) is headquartered in Knoxville, TN and is the official bank of Dollywood | Total assets for SMBK exceed $5.5B
  • The base rent will increase in 2028 and per each option (four, 5-year options)
  • SmartBank currently has 42 bank branches across TN, AL and FL
  • The deposits at this location rank in the company’s top 45% with over $102M

SIGNALIZED CORNER | US-441 FRONTAGE | 42,160 VPD | KNOXVILLE MSA

  • SmartBank is well-positioned at a signalized intersection along US-441 with 42,000+ VPD
  • US-441 is a major artery connecting Knoxville, Sevierville, Pigeon Forge, Gatlinburg, the Great Smoky Mountains National Park (11M+ annual visitors) and Western North Carolina
  • Sevierville is centrally located 5 miles north of Pigeon Forge, 9 miles south of Interstate 40, 14 miles north of the Great Smoky Mountains National Park and 20 miles east of Knoxville
  • Busy daytime population adjacent to Food City (top 9%), Downtown Sevierville, Gatlinburg Pigeon Forge Airport, Covenant Health LeConte Medical Center, Severville High School, Sevierville Elementary School and Sevierville Intermediate School

TOP-PERFORMING TENANTS & DESTINATION HUBS | #1 WALMART IN US

  • Sevierville is a powerhouse retail destination hub home to Tanger Outlets, Walmart, Publix, Kroger, Home Depot, BJ’s Wholesale Club, Target, Hobby Lobby, Dick’s Sporting Goods, HomeGoods, Lowe’s, Ross, TJ Maxx and Ulta Beauty
  • Walmart, two miles south of the Property, is the #1 ranked Walmart in the nation with 5M visits
  • Major quick-service corridor | McDonald’s, Dunkin and KFC along Dolly Parton Pkwy rank in the top 5% nationally
  • Robust consumer spending at multiple shopping destinations:
    • Walmart – 5M visits (Top 1%)
    • Smoky Mountain Gateway – 3.8M visits (top 9%)
    • Tanger Outlets Sevierville – 3.3M visits (top 7%)
    • River Landing – 2.7M visits (top 16%)

TOURISM-DRIVEN DEMAND | REGIONAL GATEWAY ACCESS

  • The property sits along the primary arterial connecting the Tri-Cities corridor (Knoxville, Pigeon Forge, Gatlinburg), ensuring consistent daily traffic counts from both local residents and regional tourism
  • Proximity to Tennessee’s third-largest city, Knoxville provides a strong and expanding regional economic base
  • Sevier County draws more than 14M visitors annually, generating nearly $4B in tourism spending and supporting thousands of jobs statewide, all of which drives sustained commercial activity and consistent demand for banking and financial services along this corridor
  • Dollywood (5 miles) is the largest and most iconic attraction in the region | the park attracts more than 3 million visitors annually and is a top theme park in the US

Listing Contacts

AB
GA 373002
TSCG The Shopping Center Group Atlanta
JL
GA 329650
TSCG The Shopping Center Group Atlanta
TSCG The Shopping Center Group Atlanta
Listed by TSCG The Shopping Center Group Atlanta

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Loan Amount
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$87,000.00
$7,250.00/mo

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