Governor's Crossing

PROPERTY OVERVIEW

• Established national chain retailers make up 96% of the occupied GLA and 88% of gross income.
• A New CMBS Loan to be assumed: advantageous financing is already in-place to enhance buyer’s ROE; $10.0mm @ 4.32% until 2024.
• Upside potential: through lease-up of twelve (12) available tenant spaces and continued rent growth.
• Fee simple ownership of a large, prominent 19-acre site on Collier Drive strategically located between the heart of the retail district and Dollywood amusement parks. Subject is located within the 153-acre Governor’s Crossing master development which includes attractions and lodging.
• High Visibility & Traffic Counts: 47,108± cars per day pass near the shopping center along the Parkway (US Hwy #441) the commercial corridor connecting Sevierville, Pigeon Forge & Gatlinburg.
• Primary western gateway to Great Smoky Mountains National Park - Over 20 million visitors annually: Sevierville/Pigeon Forge-TN is the entrance to the #1 most visited US National Park – over twice that of The Grand Canyon.  Sevier County, TN Retail Sales including; lodging, restaurants, gas & groceries, attractions, gifts & apparel exceed $1 billion annually.