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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.

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

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

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

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

Financing By

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