140 Five Rivers Plaza Way Newport, TN 37821

This fee-simple, 40,085 square foot shopping center in Newport, Tennessee presents a compelling investment opportunity. Anchored by a brand-new Dollar Tree/Family Dollar combo store (55% of gross leasable area), this Class B, multi-tenant property boasts a 10% capitalization rate and a strong NOI of $205,724. The center, built in 1983 and renovated in 2023, sits on an 8.33-acre lot and benefits from a 10-year remaining lease term with the anchor tenant. Additional tenants are in place, resulting in 100% occupancy. The property is zoned CMU and located in a thriving retail node, 45 minutes from Knoxville, within the Knoxville MSA. The sale includes an outparcel building. The average rent is $5.82 per square foot, offering potential for future rent increases. This stabilized asset, priced below replacement cost at $51 per square foot, provides a high return on investment with significant upside potential. The property's location in Newport, the county seat of Cocke County, TN, offers convenient access to major roadways and a strong local customer base. Two new leases were executed in the last six months, demonstrating continued leasing momentum. This is a NNN lease property. The APN is 015047I A 03200. The asking price is $2,060,000.