loader
Join Free
Views: 19 DOM: 20 Updated: 08.28.24 Posted: 08.27.24 Status: Active

Summary

Price $1,589,000
Built/Renov 2023
Tenant Dollar General Market
Cap Rate 7.80%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 15,292
Lease Start 03-29-2023
#Units 19,986
Price/SF $103.91
Expiration 03-28-2033
Tenant Type Dollar/Discount
NOI $123,936
R. Term 8.6
Ownership Fee Simple
Rent/SF $8.10
Increases 10.0%/9/yrs
Pop 5Mi 12,112
Lot/AC 1.86
Options 5/5yrs/10%
AHHI 5Mi $60,803

Lease Highlights

  • New 2023 construction
  • Dollar General Market has 8+ years remaining on the current lease term with 5 (5-year) options to extend
  • The lease features 10% rental escalations at the start of each option period
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General Market is strategically located on Creek Street, with access to 10,703 vehicles passing by daily. The property is conveniently situated just off I-75, which sees 47,416 VPD, providing direct access to Downtown Knoxville and the Great Smoky Mountains, attracting over 14.1 million visitors annually. The site is also close to Frozen Head State Park, Chuck Swan State Forest, Norris...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Dollar General Corporation (NYSE: DG) is an American chain of  variety stores . The stores deliver everyday low prices on items including food, snacks, health, and beauty aids, cleaning...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity