Wood Grill Buffet Restaurant Property located on the Parkway at the corner of traffic light #1 in Pigeon Forge, TN. The building is 24,000 sf on 3.21 acres. Current configuration allows for seating of 750 customers. Largest buffet line in Sevier County with over 250 feet. All FF&E conveys and includes two dishwashers, two ice machines, three walk-in coolers and a 4,000 pound smoker. Could be converted to other concept or remain as Wood Grill Buffet. Current franchise agreement is for 30 years and includes exclusive rights in Sevier County for Wood Grill, Great American Buffet and Western Sizzlin. Franchise Agreement also includes a 2% royalty requirement instead of the standard 6%.
The gateway to The Great Smoky Mtns. National Park, the area attracts over 11 million visitors a year. Pigeon Forge is one of the most popular family destinations in the world and is within a one day drive for two-thirds of the population of the United States. Pigeon Forge is home to Dollywood, multiple theaters, amusements, shopping (including Tanger Outlets) and restaurants. The area has over 40,000 hotel rooms and overnite rentals.
Owners also have the adjacent Spirit of the Smokies Condo Lodge (160 units on 4.52 acres), the Biblical Times Theater (24K sf on 3.52 acres) and a vacant parcel (1.51 acres) for sale. A unique opportunity to own three premier properties on 13 acres in the heart of Pigeon Forge. - Tenancy: Single Tenant
|10 Gb/s: Level 3 Communications, LLC|
|6 Mb/s: Charter Communications Inc.|
|25 Mb/s: Comcast|
|10 Mb/s: AT&T Tennessee|
Median rate is a number derived from the median rate of listings posted on 42floors and reports from thought leaders in the area.