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- LoopNet Team
115 Epley Rd
Newport, TN 37821
Ground Lease - Walmart/Lowes Outparcel · For Lease
PROPERTY FACTS
Property Overview
Property is offered as a long-term 10+ year ground lease. Located off interstate 40 Exit 435, gateway to Gatlinburg and Great Smoky Mountains National Park which attracts over 13 million visitors annually. This Lowes/Walmart outparcel in Newport TN has great access, excellent visibility and is suitable for restaurant, hospitality or other commercial development. Existing vacant restaurant building still in place but owner will demolish and bring back to slab for new development. Save substantial costs with all utilities existing already to site. Freshly sealed parking lot with perimeter lighting to remain. As an added incentive for new tenant there are possible tax abatements and/or a TIF agreement which may be available through the Development Department of the City of Newport.
Highlights
- Lowes/Walmart Outparcel
- Freshly sealed parking area
- Great visibility and access
- All utilities already to site
- Stones throw from Interstate 40 exit 435 as primary access corridor to Great Smoky Mountains National Park and Gatlinburg
- Possible tax abatements and/or a TIF agreement which may be available through the Development Department of the City of Newport
