For Sale
$1,943,283.58

11464 Scott HwyHelenwood, TN 37755

Grocery Store, NNN Lease, High Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
114
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.

Property Details for 11464 Scott Hwy

Property type
Retail properties, Grocery and convenience stores
Square Feet
10,500 SF
Year Built
2023
Buildings
1
Stories
1

Location Insight

City
Helenwood
County
Scott
State
Tennessee
Latitude
36.4098045
Longitude
-84.537763
11464 Scott Hwy, Helenwood, Tennessee

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
11464 Scott Hwy
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message