Braun | Minority Interest Market Exchange

SEVIERVILLE, SEVIER COUNTY, TENNESSEE 37862
10.935193% Limited Partnership Interest “CALL FOR OFFERS” BASIS | RIVER PLACE SHOPPING CENTER – Sevierville, Tennessee

10.935193% Limited Partnership Interest “CALL FOR OFFERS” BASIS | RIVER PLACE SHOPPING CENTER – Sevierville, Tennessee

THE SALE OF 10.935193% INTEREST IN RIVER PLACE SHOPPING CENTER ON “CALL FOR OFFERS” BASIS

605-655 PARKWAY – HIGHWAY 441 | SEVIERVILLE, SEVIER COUNTY, TENNESSEE 37862

 

Offering for sale: The Trustee is selliing a 10.935193% Limited Partnership Interest in River Place Investors, LLC which owns and holds title to River Place Shopping Center.

River Place is a regional power center anchored by TJ Maxx and Belk. Built in 1983 and renovated between 2004 and 2007, River Place is located in Sevierville, Tennessee, the primary entrance to the Great Smoky Mountains National Park. Benefiting from its proximity to the National Park which experiences over 8,000,000 per year,* the traffic count at the Property is approximately 48,650 cars per day**. The closest regional shopping destination is located in Knoxville, 30 miles west of the Property. Visitors must drive past River Place in order to access the National Park, Dollywood Amusement Park and other entertainment venues. Tenants include Belk, TJ Maxx, Dollar Tree, GameStop, Maurices and Petsense. Tourist traffic provides a steady, year-round base of customers with demand for retail goods and services.. Located at a traffic light on the Parkway, this center serves locals, regionals, and tourists. Located in Sevierville, TN apart of Sevier County. This market is driven by a stable trade area as well as 11 million visitors per year.

 

RELATED DOCUMENTS

If interested in more information, email Todd Wohl.

HIGHLIGHTS

    • RIVER PLACE SHOPPING CENTER
      605-655 PARKWAY – HIGHWAY 441 | SEVIERVILLE, SEVIER COUNTY, TENNESSEE 37862

        • Total Acreage: 15.129 acres
        • Lot 2R contains 14.684 acres of land
        • Lot 1R is subject to a long term ground lease with .445 acre with improvements
        • The remaining ground lease term is 43 years and the ground lease
        • Total GLA: 155,153SF
        • The property has two, single story strip buildings renovated in 2004
        • 746 parking spaces
        • 10.935193% Limited Partnership Interest in River Place Investors, LLC which owns and holds title to River Place Shopping Center
        • Distributions paid to Interest holder:
          2018 and 2019 – $32,835.56
          2020 – $12,586.00.
          2021 as of March 29th – $8,208.90.
          Payment forthcoming in May