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33623837
33623833

822 Cosby Highway, Newport, TN 37821

RF
NC 280948
Berkeley Capital Advisors Charlotte
CB
NC 287166
Berkeley Capital Advisors Charlotte
Listed by Berkeley Capital Advisors Charlotte
$3,716,000
7 days on market
Updated 7 days ago

Arby's

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 4,301
Cap Rate 6.00%
NOI $222,975
Occupancy 100%
Tenancy Single
Brand/Tenant Arby's
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 05/31/2044
Remaining Term 17
Rent Bumps Yes
Lease Options Four, 5-Year
Price per SqFt $864
Broker Co-Op True
Year Built 1988
Acreage 1.100
Zoning Commercial
Parking Spaces 63 spaces
Parking Per SqFt 14.65
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 06/01/2024
Ground Lease No

Absolute Net Lease | Experienced Operator | Long Lease Term

Investment highlights

• Absolute net lease | Zero landlord responsibilities

• Long lease term | 17 years remaining

• Location ranks in the 98th percentile nationwide and in TN via Placer.ai | Top 60 store in the country out of 3,064 total locations

• Experienced Operator | Brumit Restaurant Group, LLC | 66 locations in NC, SC, & TN

• Close proximity to I-40 & Cosby Hwy interchange | 55,525 VPD combined

• 2 miles from Newport Medical Center | 88 beds

• 1 mile from Walters State Community College - Newport Center | 275 students

• 5 minutes from Cocke County High School | 1,159 students

• Nearby destination retailers | Walmart Supercenter, Lowe’s, Tractor Supply, Goodwill, Food City, Cracker Barrel, Waffle House, Zaxby’s, McDonald’s, Starbucks, Taco Bell, Wendy’s, KFC, Pizza Hut, Burger King, Hardee’s, Subway, Little Ceasars Pizza, Papa John’s, Bojangles, Krystal, A&W Restaurant, AutoZone, O’Reilly Auto Parts

• 40 minutes from downtown Knoxville

Listing Contacts

RF
NC 280948
Berkeley Capital Advisors Charlotte
CB
NC 287166
Berkeley Capital Advisors Charlotte
Listed by Berkeley Capital Advisors Charlotte

Valuation Calculator

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$222,975.00
$18,581.25/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

Map

Zoning

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C-3 CommercialSpecial CommercialInterstate Highway Business
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View all 9 uses
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Last updated Jan 22, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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