Discount
Dollar General Market | New 15-Yr. NNN with 5% Increases
Lumbardy Dr. & W Andrew Johnson Hwy., Morristown (East of Knoxville), TN 37814
Listing Price: $2,434,000
Cap Rate
6.50%
Tenant Name
Dollar General
Years Remaining On Lease
15.3
Guarantor
Corporate Guarantee
Rentable SF
12,687
Lease Type
Absolute Net
Rent Per Square Feet
$12.47
Investment Overview
Marcus & Millichap is pleased to present the Dollar General Market in Morristown, TN.
Dollar General Market | New 15-Yr. NNN with 5% Increases
Investment Highlights
- 15-Year Absolute NNN Lease, No Landlord Responsibilities
- Rare 5% Rental Increases Every 5 Years Throughout the Base Term and Options
- Upgraded Market Store, Larger Format with Expanded Produce/Grocery Items
- Investment Grade Credit Tenant, Rated 'BBB' by S&P
- Dollar General is the Nation's Largest Retailer with 19,000+ Stores
- Classified Nationally as an Essential Retailer for Daily Shopping Needs
- Brand New 2023 Construction on an Oversized Parcel
- Serving Over 45,495 Residents in a Growing Trade Area
Exclusively Listed By
Broker of Record
Financing By
Discount
Dollar General Market | New 15-Yr. NNN with 5% Increases
Listing Price: $2,434,000
Cap Rate
6.50%
Tenant Name
Dollar General
Years Remaining On Lease
15.3
Guarantor
Corporate Guarantee
Rentable SF
12,687
Lease Type
Absolute Net
Rent Per Square Feet
$12.47
Investment Highlights
- 15-Year Absolute NNN Lease, No Landlord Responsibilities
- Rare 5% Rental Increases Every 5 Years Throughout the Base Term and Options
- Upgraded Market Store, Larger Format with Expanded Produce/Grocery Items
- Investment Grade Credit Tenant, Rated 'BBB' by S&P
- Dollar General is the Nation's Largest Retailer with 19,000+ Stores
- Classified Nationally as an Essential Retailer for Daily Shopping Needs
- Brand New 2023 Construction on an Oversized Parcel
- Serving Over 45,495 Residents in a Growing Trade Area
Investment Overview
Marcus & Millichap is pleased to present the Dollar General Market in Morristown, TN.
Exclusively Listed By
Broker of Record
Financing By
