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Dollar General

145 TN-28, Whitwell, TN 37397

Listing Price: $1,064,246

Cap Rate
7.50%
Tenant Name
Dollar General
Years Remaining On Lease
10.3
Guarantor
Corporate Guarantee
Rentable SF
7,489
Lease Type
Absolute Net
Rent Per Square Feet
$10.66

Investment Overview

Established 7,489 SF Dollar General store opened in March 2019 located in Whitwell, TN.
Original 15-year corporate guaranteed NNN Lease with Dollar General.
Tenant is 100% responsible for all expenses including taxes, insurance, parking lot, roof, and structure.
10% rent increase in each of the Five (5)-year option periods.
Situated on above average 3.14-acre lot with direct access to TN-28

Hwy 28 is 10 minutes from I-24 is part of the main north, south corridor in the Sequatchie Valley that connects Whitwell with Dunlap to the north and Jasper to the south
City Whitwell, Tennessee approximately 24 miles northwest of Chattanooga
TN -Non-Income Tax State | Chattanooga MSA -Low 2.9% Unemployment, 2.8% Vacancy Rate and Thriving Economy
$4B economic impact in 2022, University of Tennessee is within 30 miles from the site

Investment Highlights

  • Established 7,489 SF Dollar General store opened in March 2019 located in Whitwell, TN.
  • Original 15-year corporate guaranteed NNN Lease with Dollar General.
  • 10% rent increase in each of the Five (5)-year option periods.
  • Situated on above average 3.14-acre lot with direct access to TN-28
  • Hwy 28 is 10 minutes from I-24 is part of the main north, south corridor in the Sequatchie Valley that connects Whitwell with Dunlap to the north and Jasper to the south
  • City Whitwell, Tennessee approximately 24 miles northwest of Chattanooga
  • TN -Non-Income Tax State | Chattanooga MSA -Low 2.9% Unemployment, 2.8% Vacancy Rate and Thriving Economy
  • $4B economic impact in 2022, University of Tennessee is within 30 miles from the site

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Financing By

Discount

Dollar General

Listing Price: $1,064,246

Cap Rate
7.50%
Tenant Name
Dollar General
Years Remaining On Lease
10.3
Guarantor
Corporate Guarantee
Rentable SF
7,489
Lease Type
Absolute Net
Rent Per Square Feet
$10.66

Investment Highlights

  • Established 7,489 SF Dollar General store opened in March 2019 located in Whitwell, TN.
  • Original 15-year corporate guaranteed NNN Lease with Dollar General.
  • 10% rent increase in each of the Five (5)-year option periods.
  • Situated on above average 3.14-acre lot with direct access to TN-28
  • Hwy 28 is 10 minutes from I-24 is part of the main north, south corridor in the Sequatchie Valley that connects Whitwell with Dunlap to the north and Jasper to the south
  • City Whitwell, Tennessee approximately 24 miles northwest of Chattanooga
  • TN -Non-Income Tax State | Chattanooga MSA -Low 2.9% Unemployment, 2.8% Vacancy Rate and Thriving Economy
  • $4B economic impact in 2022, University of Tennessee is within 30 miles from the site

Investment Overview

Established 7,489 SF Dollar General store opened in March 2019 located in Whitwell, TN. Original 15-year corporate guaranteed NNN Lease with Dollar General. Tenant is 100% responsible for all expenses including taxes, insurance, parking lot, roof, and structure. 10% rent increase in each of the Five (5)-year option periods. Situated on above average 3.14-acre lot with direct access to TN-28 Hwy 28 is 10 minutes from I-24 is part of the main north, south corridor in the Sequatchie Valley that connects Whitwell with Dunlap to the north and Jasper to the south City Whitwell, Tennessee approximately 24 miles northwest of Chattanooga TN -Non-Income Tax State | Chattanooga MSA -Low 2.9% Unemployment, 2.8% Vacancy Rate and Thriving Economy $4B economic impact in 2022, University of Tennessee is within 30 miles from the site

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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