11464 Scott HwyHelenwood, TN 37755

Property Details for 11464 Scott Hwy

Year built

2023

Property size (Sq ft)

10,500 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Helenwood

County

Scott

State

Tennessee

Latitude

36.4098

Longitude

-84.5378

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