Walmart Neighborhood Market

1185 Dolly Parton Pkwy. Sevierville, TN 37862

  • 41,921 Square Feet
  • Retail
  • For Sale

Summary Description

We are pleased to offer an opportunity to purchase one a single tenant retail asset on a NNN lease that is 100% leased to Walmart Neighborhood Market and backed by a full corporate guarantee from Walmart Stores Inc (Parent Company). The brand new 15 year primary term expires in September 2030 and includes 17-5 year option periods. During the primary term, there are 3% rental escalations every 5 years, followed by 5% rental escalations every 5 years during the option periods. This is a fee simple (land and building) asset that includes the newest Walmart Neighborhood Market building prototype; the building is comprised of 41,921 square feet on approximately 5.62 acres of land. Strategically located along route 441 (Dolly Parton Parkway, one of the main corridors in the region and which connects directly to Route 66) and also situated adjacent to the Pigeon Forge Airport, the site offers convenient ingress / egress, excellent street visibility and ample parking.

Property Status: True NNN - Rare Parent Guarantee

Price: $12,585,970.00

Building Size: 41921 Square Feet

Area Available: 41,921 Square Feet

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