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Dollar General Mini Market | New 15-Yr. Absolute NNN with Increases

Fenell Road & Rutledge Pike, Blaine (Knoxville MSA), TN 37709

Listing Price: $1,914,000

Cap Rate
6.70%
Tenant Name
Dollar General
Years Remaining On Lease
15.3
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Absolute Net
Rent Per Square Feet
$12.05

Investment Overview

Marcus & Millichap is pleased to present the Dollar General Mini Market in Blaine, TN.

Investment Highlights

  • 15-Year Absolute NNN Lease, No Landlord Responsibilities
  • Rare 5% Rental Increases Every 5 Years Throughout the Base Term and Options
  • 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 23,700 Residents in a Growing Grainger County
  • Hard Corner Location Along Major East/West Artery with 11,632 Cars/Day, Direct Access to Knoxville and Kingsport

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 Mini Market | New 15-Yr. Absolute NNN with Increases

Listing Price: $1,914,000

Cap Rate
6.70%
Tenant Name
Dollar General
Years Remaining On Lease
15.3
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Absolute Net
Rent Per Square Feet
$12.05

Investment Highlights

  • 15-Year Absolute NNN Lease, No Landlord Responsibilities
  • Rare 5% Rental Increases Every 5 Years Throughout the Base Term and Options
  • 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 23,700 Residents in a Growing Grainger County
  • Hard Corner Location Along Major East/West Artery with 11,632 Cars/Day, Direct Access to Knoxville and Kingsport

Investment Overview

Marcus & Millichap is pleased to present the Dollar General Mini Market in Blaine, 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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