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Drug Store

Dollar General | New 15-Yr. NNN Lease

1415 Loudon Hwy, Philadelphia (Knoxville MSA), TN 37846

Listing Price: $1,665,000

Cap Rate
5.15%
Tenant Name
Dollar General
Years Remaining On Lease
15.2
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$8.06

Investment Overview

Marcus & Millichap is pleased to present the Dollar General in Philadelphia, TN.

Investment Highlights

  • 5-Year Absolute NNN Lease, No Landlord Responsibilities
  • 10% Increases Every 5 Years Beginning in Each Option Period
  • Investment Grade Credit Tenant, Rated 'BBB' by S&P
  • Dollar General is the Largest Retailer in the U.S. with 18,000+ Stores
  • Classified Nationally as an Essential Retailer for Daily Shopping Needs
  • Brand New 2022 Construction on Oversized Parcel
  • Strategic Location, Nearest Dollar Store is Approximately 11 Miles Away
  • Serving Over 53,000 Residents in Loudon County, 40 Miles West of Downtown Knoxville

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Financing By

Drug Store

Dollar General | New 15-Yr. NNN Lease

Listing Price: $1,665,000

Cap Rate
5.15%
Tenant Name
Dollar General
Years Remaining On Lease
15.2
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$8.06

Investment Highlights

  • 5-Year Absolute NNN Lease, No Landlord Responsibilities
  • 10% Increases Every 5 Years Beginning in Each Option Period
  • Investment Grade Credit Tenant, Rated 'BBB' by S&P
  • Dollar General is the Largest Retailer in the U.S. with 18,000+ Stores
  • Classified Nationally as an Essential Retailer for Daily Shopping Needs
  • Brand New 2022 Construction on Oversized Parcel
  • Strategic Location, Nearest Dollar Store is Approximately 11 Miles Away
  • Serving Over 53,000 Residents in Loudon County, 40 Miles West of Downtown Knoxville

Investment Overview

Marcus & Millichap is pleased to present the Dollar General in Philadelphia, TN.

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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