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Discount

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

6336 TN-111, Cookeville, TN 38506

Listing Price: $2,022,000

Cap Rate
6.70%
Tenant Name
Dollar General
Years Remaining On Lease
5.3
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Absolute Net
Rent Per Square Feet
$12.73

Investment Overview

Marcus & Millichap is pleased to present the Dollar General Mini Market in Cookeville, 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 with Expanded Produce/Grocery Offerings
  • Investment Grade Credit Tenant, Rated 'BBB' by S&P
  • Dollar General is the Nation's Largest Retailer with 19,700+ Stores
  • Brand New 2024 Construction on an Oversized Parcel
  • Serving Over 43,000 Residents in Growing Trade Area, East of Downtown Nashville
  • Strong Average Household Incomes Exceed $71,000 within 3 Miles

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Discount

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

Listing Price: $2,022,000

Cap Rate
6.70%
Tenant Name
Dollar General
Years Remaining On Lease
5.3
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Absolute Net
Rent Per Square Feet
$12.73

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 with Expanded Produce/Grocery Offerings
  • Investment Grade Credit Tenant, Rated 'BBB' by S&P
  • Dollar General is the Nation's Largest Retailer with 19,700+ Stores
  • Brand New 2024 Construction on an Oversized Parcel
  • Serving Over 43,000 Residents in Growing Trade Area, East of Downtown Nashville
  • Strong Average Household Incomes Exceed $71,000 within 3 Miles

Investment Overview

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

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

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