For Sale
$2,078,740

1024 Alcoa Mkt StMaryville, TN 37801

New Sleep Number, Maryville, TN

Overview

Added:
Jan 24
Days on market:
70
This exceptional investment opportunity presents a brand-new, 3,000 square foot Sleep Number store in Maryville, Tennessee. Located at a signalized intersection with over 46,000 vehicles per day, this property benefits from its position within the thriving Hunters Crossing area, adjacent to major retailers like Walmart, Lowe's, and Target. The 10-year net lease with a corporate guarantee from Sleep Number (generating over $1.73 billion in 2024 revenue) provides exceptional security and strong cash flow. The lease commenced October 26, 2023, and expires October 31, 2033, with 10% rent bumps every five years. The property boasts a 6.35% cap rate and a $132,000 annual net operating income (NOI). Built in 2023, this single-tenant building sits on a 1.04-acre lot and offers a limited landlord responsibility structure, with the tenant covering CAM, taxes, and insurance. The landlord is only responsible for roof and structure maintenance. Maryville's affluent population (average household income over $85,000) and strong 2.25% annual population growth further enhance the investment's appeal. This is a rare opportunity to acquire a high-performing, low-maintenance retail property backed by a financially sound national tenant in a prime location. The lease includes two to five-year renewal options.

Highlights

  • $2,078,740 asking price for a new construction, single-tenant, net lease retail property.
  • Sleep Number is the corporate-guaranteed tenant with a 10-year lease commencing October 26, 2023.
  • 3,000 square feet on a 1.04-acre lot in Maryville, TN, at a high-traffic intersection (+46,000 VPD).
  • 6.35% cap rate with a $132,000 NOI.
  • Located near other national retailers in the affluent Knoxville MSA, with strong demographics and population growth.
  • Lease includes 10% rent bumps every 5 years and 2-5 year renewal options.

Property Details for 1024 Alcoa Mkt St

Property type
Retail properties
Square Feet
3,000 SF
Year Built
2023
Buildings
1
Lot Size (sq. ft)
45,302 SF
Units
1

Location Insight

City
Maryville
County
Blount
State
Tennessee
Latitude
35.763557143244
Longitude
-83.989722066909
1024 Alcoa Mkt St, Maryville, Tennessee

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1024 Alcoa Mkt St
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