This exceptional investment opportunity presents a 10,500-square-foot, single-tenant grocery store in Helenwood, Tennessee. Located at 11464 Scott Hwy, this property boasts a strong 6.70% cap rate and a compelling asking price of $1,943,283.58 ($185.07/sq ft). The property, built in 2023, is currently 100% occupied under a 10-year NNN lease (commencing October 26, 2023, and expiring October 31, 2033), leaving a substantial 9-year remaining lease term. Situated at the intersection of Scott Hwy and State Route 297/Baker Hwy, this location benefits from excellent visibility and accessibility. Helenwood's strategic location in Scott County, near Kentucky and North Carolina, and its proximity to major cities like Knoxville, Nashville, and Lexington, KY, contributes to a robust local economy. The area is further enhanced by the presence of significant employers such as Barna Log Homes, Armstrong Wood flooring, Great Dane Trailers, and Tennier Industries, ensuring a stable tenant base. The Big South Fork National River and Recreation Area, a popular tourist destination, adds to the area's appeal. This single-story building offers a secure, long-term investment with significant potential for future appreciation. The property's strong tenant, favorable lease terms, and high cap rate make it an attractive addition to any portfolio.
Highlights
10,500 SF single-tenant grocery store in Helenwood, TN.
$1,943,283.58 asking price ($185.07/SF).
6.70% cap rate.
10-year NNN lease with 9 years remaining (Oct 2023 - Oct 2033).
Excellent visibility at Scott Hwy & State Route 297 intersection.
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Contacts
Brande Benson
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11464 Scott Hwy, Helenwood, Tennessee, 37755
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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11464 Scott Hwy
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