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Dollar General

6950 US-45, Ramer, TN 38367

Listing Price: $480,000

Cap Rate
7.50%
Tenant Name
Dollar General
Years Remaining On Lease
2.4
Guarantor
Corporate Guarantee
Rentable SF
8,125
Lease Type
Double Net
Rent Per Square Feet
$4.43

Investment Overview

Marcus and Millichap is pleased to exclusively offer for sale the Dollar General located at 6950 Highway 45 South in Ramer, Tennessee. This investment opportunity is being offered at $480,000 which represents a 7.50 percent cap rate. The subject property is a 8,125 square foot build that completed construction in 2004 on a 0.80 acre parcel. This Dollar General is currently being remodeled for product and interior fixtures and has two and a half years remaining on the current lease term with two, five year option periods which all include rental increases. This Dollar General has a double net lease agreement which gives the landlord responsibility for roof and structure. The tenant enrolled the landlord in their national insurance program, reimburses $333 a month in taxes, and contributes $169 a month in common area maintenance. Dollar General will also reimburse for minor repairs up to $1,000 per occurrence. Ramer, Tennessee is located in McNairy County and that is in the southwest region of the state. This location is less than ten miles from the Mississippi border and 100 miles east of Memphis, Tennessee. Ramer offers residents a rural feel and the demographics back that up.

Investment Highlights

  • Double Net Lease With Two And A Half Years Remaining
  • Two, Five Year Option Periods Remaining - All Including A Rental Increase
  • Enrolled In Dollar General's National Insurance Program

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Financing By

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Dollar General

Listing Price: $480,000

Cap Rate
7.50%
Tenant Name
Dollar General
Years Remaining On Lease
2.4
Guarantor
Corporate Guarantee
Rentable SF
8,125
Lease Type
Double Net
Rent Per Square Feet
$4.43

Investment Highlights

  • Double Net Lease With Two And A Half Years Remaining
  • Two, Five Year Option Periods Remaining - All Including A Rental Increase
  • Enrolled In Dollar General's National Insurance Program

Investment Overview

Marcus and Millichap is pleased to exclusively offer for sale the Dollar General located at 6950 Highway 45 South in Ramer, Tennessee. This investment opportunity is being offered at $480,000 which represents a 7.50 percent cap rate. The subject property is a 8,125 square foot build that completed construction in 2004 on a 0.80 acre parcel. This Dollar General is currently being remodeled for product and interior fixtures and has two and a half years remaining on the current lease term with two, five year option periods which all include rental increases. This Dollar General has a double net lease agreement which gives the landlord responsibility for roof and structure. The tenant enrolled the landlord in their national insurance program, reimburses $333 a month in taxes, and contributes $169 a month in common area maintenance. Dollar General will also reimburse for minor repairs up to $1,000 per occurrence. Ramer, Tennessee is located in McNairy County and that is in the southwest region of the state. This location is less than ten miles from the Mississippi border and 100 miles east of Memphis, Tennessee. Ramer offers residents a rural feel and the demographics back that up.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

Financing By

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