Discount
Dollar General | 15-Year Absolute NNN with 5% Increases Every 5 Years
US-321, Lenoir City (Knoxville MSA, TN 37772
Listing Price: $2,220,000
Cap Rate
6.50%
Tenant Name
Dollar General
Years Remaining On Lease
15.1
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Absolute Net
Rent Per Square Feet
$13.56
Investment Overview
Marcus & Millichap is pleased to present the Dollar General in Lenoir City, TN.
Dollar General | 15-Year Absolute NNN with 5% Increases Every 5 Years
Investment Highlights
- 15-Year Absolute NNN Lease, No Landlord Responsibilities
- Rare 5% Increases Every 5 Years Throughout the Base Term and Options
- Investment Grade Credit Tenant, Rated 'BBB' by S&P
- Dollar General is the Largest Retailer in the U.S. with 19,700+ Stores
- Classified Nationally as an Essential Retailer for Daily Shopping Needs
- Brand New 2024 Construction on an Oversized Parcel
- Serving Over 51,000 Residents in Rapidly Growing Trade Area, 27 Miles to Downtown Knoxville
- Strong Average Household Incomes in Excess of $122,000 in Primary Trade Area
Exclusively Listed By
Broker of Record
Financing By
Discount
Dollar General | 15-Year Absolute NNN with 5% Increases Every 5 Years
Listing Price: $2,220,000
Cap Rate
6.50%
Tenant Name
Dollar General
Years Remaining On Lease
15.1
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Absolute Net
Rent Per Square Feet
$13.56
Investment Highlights
- 15-Year Absolute NNN Lease, No Landlord Responsibilities
- Rare 5% Increases Every 5 Years Throughout the Base Term and Options
- Investment Grade Credit Tenant, Rated 'BBB' by S&P
- Dollar General is the Largest Retailer in the U.S. with 19,700+ Stores
- Classified Nationally as an Essential Retailer for Daily Shopping Needs
- Brand New 2024 Construction on an Oversized Parcel
- Serving Over 51,000 Residents in Rapidly Growing Trade Area, 27 Miles to Downtown Knoxville
- Strong Average Household Incomes in Excess of $122,000 in Primary Trade Area
Investment Overview
Marcus & Millichap is pleased to present the Dollar General in Lenoir City, TN.
Exclusively Listed By
Broker of Record
Financing By
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