Discount
Dollar General
844 N Main St, Sweetwater, TN 37874
Listing Price: $1,655,523
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a newly constructed Dollar General located in Sweetwater, Tennessee. This Dollar General offers a new, long-term, corporate guaranteed, triple net lease with five, five-year tenant renewal options. This is a rare all-brick building that features brand new construction. Situated on an oversized parcel, it was built and opened in 2023.
Dollar General has been an industry leader for over 80 years with a BBB investment grade credit rating. Dollar General is on the NYSE with the symbol DG. As of January 2024, the company operates 19,643 stores across 47 states and employs approx. 185,800 people.
This Dollar General is located in Sweetwater, TN which is situated in the foothills of the greater Smoky Mountains with over 14 million visitors annually. Situated in the heart of Appalachian Region where tourism is the fastest growing industry, the Property is in close proximity to local attractions such as Cumberland Trail State Park, Fall Creek State Park, and Frozen Head State Park.
This Dollar General is serving over 50,000 residents in the growing Monroe/McMinn Counties of Tenn. The Subject Property has access and visibility from Lee Highway/Main Street with approx. 10,000 vehicles daily. The Subject Property is two miles from Red Stag’s new 4.5 million square foot distribution center campus, currently being developed on 420 acres and will bring more than 3,500 jobs to the area.
The Property is also within close proximity to Interstate 75, which is the major roadway in the immediate area running through Sweetwater with 43,000 vehicles daily and connecting the area North to Knoxville and South to Chattanooga. This store is located in a retail corridor, with other surrounding national brands including Walmart Supercenter, Ford, Anytime Fitness, Rent-A-Center, Save A Lot, Ingles Market, Factory Connection, Fresenius Medical Care, Devita Kidney Care, Dollar Tree, Cricket Wireless, McDonald’s, Hardee’s, Pizza Hut, Wendy’s, Taco Bell, Subway, Advance Auto Parts, O’Reilly Auto Parts, Napa Auto Parts, Regions Bank, Shell, Circle K, Holiday Inn Express, Days Inn by Wyndham, Quality Inn West, Walgreens and many more.
Dollar General
Investment Highlights
- Long-Term, Corporate Guaranteed, Triple Net (NNN) Lease With Five, Five-Year Tenant Renewal Options
- Rare All-Brick Building, Brand New Construction on Oversized Parcel – Built and Opened in 2023
- Tax Free State, No State Tax in Tennessee (Consult Your Tax Advisor if This is Applicable to You)
- Access and Visibility from Lee Highway/Main Street With Approx. 10,000 Vehicles Per Day
- Serving Over 50,000 Residents in Growing Monroe/McMinn Counties
- Two Miles from Red Stag's New 4.5 Million Square Foot Distribution Center Campus, Currently Being Developed on 420 Acres and Will Employ Over 3,500 Workers
- Close Proximity to Interstate 75 the Major Roadway in the Immediate Area Running Through Sweetwater With 43,000 Vehicles Per Day, and Connecting the Area North to Knoxville and South to Chattanooga
- Situated in the Foothills of the Greater Smoky Mountains With Over 14 Million Visitors Annually – the Heart of Appalachian Region Where Tourism is the Fastest Growing Industry
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $1,655,523
Investment Highlights
- Long-Term, Corporate Guaranteed, Triple Net (NNN) Lease With Five, Five-Year Tenant Renewal Options
- Rare All-Brick Building, Brand New Construction on Oversized Parcel – Built and Opened in 2023
- Tax Free State, No State Tax in Tennessee (Consult Your Tax Advisor if This is Applicable to You)
- Access and Visibility from Lee Highway/Main Street With Approx. 10,000 Vehicles Per Day
- Serving Over 50,000 Residents in Growing Monroe/McMinn Counties
- Two Miles from Red Stag's New 4.5 Million Square Foot Distribution Center Campus, Currently Being Developed on 420 Acres and Will Employ Over 3,500 Workers
- Close Proximity to Interstate 75 the Major Roadway in the Immediate Area Running Through Sweetwater With 43,000 Vehicles Per Day, and Connecting the Area North to Knoxville and South to Chattanooga
- Situated in the Foothills of the Greater Smoky Mountains With Over 14 Million Visitors Annually – the Heart of Appalachian Region Where Tourism is the Fastest Growing Industry
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a newly constructed Dollar General located in Sweetwater, Tennessee. This Dollar General offers a new, long-term, corporate guaranteed, triple net lease with five, five-year tenant renewal options. This is a rare all-brick building that features brand new construction. Situated on an oversized parcel, it was built and opened in 2023. Dollar General has been an industry leader for over 80 years with a BBB investment grade credit rating. Dollar General is on the NYSE with the symbol DG. As of January 2024, the company operates 19,643 stores across 47 states and employs approx. 185,800 people. This Dollar General is located in Sweetwater, TN which is situated in the foothills of the greater Smoky Mountains with over 14 million visitors annually. Situated in the heart of Appalachian Region where tourism is the fastest growing industry, the Property is in close proximity to local attractions such as Cumberland Trail State Park, Fall Creek State Park, and Frozen Head State Park. This Dollar General is serving over 50,000 residents in the growing Monroe/McMinn Counties of Tenn. The Subject Property has access and visibility from Lee Highway/Main Street with approx. 10,000 vehicles daily. The Subject Property is two miles from Red Stag’s new 4.5 million square foot distribution center campus, currently being developed on 420 acres and will bring more than 3,500 jobs to the area. The Property is also within close proximity to Interstate 75, which is the major roadway in the immediate area running through Sweetwater with 43,000 vehicles daily and connecting the area North to Knoxville and South to Chattanooga. This store is located in a retail corridor, with other surrounding national brands including Walmart Supercenter, Ford, Anytime Fitness, Rent-A-Center, Save A Lot, Ingles Market, Factory Connection, Fresenius Medical Care, Devita Kidney Care, Dollar Tree, Cricket Wireless, McDonald’s, Hardee’s, Pizza Hut, Wendy’s, Taco Bell, Subway, Advance Auto Parts, O’Reilly Auto Parts, Napa Auto Parts, Regions Bank, Shell, Circle K, Holiday Inn Express, Days Inn by Wyndham, Quality Inn West, Walgreens and many more.
Exclusively Listed By
Broker of Record
Financing By
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