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Views: 69 DOM: 116 Updated: 10.31.24 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 8.3
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 increases 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...

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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...


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Listing Broker

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