.png)
.png)
.png)
121 N River Blvd
Sevierville, TN
Price:
$3,000,000
Cap Rate:
6.00%
NOI:
$180,000
Ownership Type:
Fee Simple
Building Size:
6,960 SF
Lot Size:
0.92 AC
Lease Type:
NNN
Term Remaining:
8+ Years
Rent Increases:
7.5% in Options
Lease Options:
6, 5 Year
Guarantor:
Franchisee (Steve Towers Enterprise)
Long-term NNN lease with minimal landlord responsibilities. Approximately 8+ years of remaining lease term. Six, 5-year renewal options with 7.5% rent increases during each option period.
Big O Tires operates 450+ locations across 25 states. Founded in 1962 and backed by TBC Corporation, one of North America’s largest tire marketers. Necessity-based business model supported by recurring maintenance and repair demand. Leading automotive service brand with a long operating history
Located along N River Blvd, just off Winfield Dunn Parkway (50,000+ VPD), within Sevierville’s primary retail corridor. Surrounded by national retailers including Lowe’s, Kroger, Aldi, Home Depot, BJ’s Wholesale Club, Tractor Supply, Hobby Lobby, Ross, Publix, Chick-fil-A, Starbucks, Dunkin, Freddy’s, Zaxby’s, Cracker Barrel, Hardee’s and many others. Positioned within one of East Tennessee’s strongest retail and tourism markets, serving both local residents and Great Smoky Mountains visitors
Senior Managing Director, Investments
(925) 989-8198
jason.hernandez@marcusmillichap.com
Senior Associate
(203) 962-2042
jack.oneill@marcusmillichap.com
Associate
(901) 612-0515
jackson.lyons@marcusmillichap.com