1024 Alcoa Mkt StMaryville, TN 37801

Property Details for 1024 Alcoa Mkt St

Year built

2023

Lot size

1.04 AC

Property size (Sq ft)

3,000 SF

Property type

Other commercial real estate

Property subtype

Other retail properties

Description

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.

Location Insight

City

Maryville

County

Blount

State

Tennessee

Latitude

35.7636

Longitude

-83.9897

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