Drug Store
Dollar General | New 15-Yr. NNN Lease
E Morris Blvd, Morristown, TN 37813
Listing Price: $1,882,000
Cap Rate
6.05%
Tenant Name
Dollar General
Years Remaining On Lease
15.2
Guarantor
Corporate Guarantee
Rentable SF
10,566
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.78
Investment Overview
Marcus & Millichap is pleased to present the Dollar General in Morristown, TN.
Dollar General | New 15-Yr. NNN Lease
Investment Highlights
- 15-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 2023 Construction on Oversized Parcel
- Serving Over 52,000 Residents in Growing Trade Area, 45 Miles Northeast of Knoxville
- Highly Visible Along a Major East-West Artery, Easy Access to US-25E
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $1,882,000
Cap Rate
6.05%
Tenant Name
Dollar General
Years Remaining On Lease
15.2
Guarantor
Corporate Guarantee
Rentable SF
10,566
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.78
Investment Highlights
- 15-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 2023 Construction on Oversized Parcel
- Serving Over 52,000 Residents in Growing Trade Area, 45 Miles Northeast of Knoxville
- Highly Visible Along a Major East-West Artery, Easy Access to US-25E
Investment Overview
Marcus & Millichap is pleased to present the Dollar General in Morristown, TN.
Exclusively Listed By
Broker of Record
Financing By
