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Dollar General

29492 TN-108, Gruetli-Laager, TN 37339

Listing Price: $924,877

Cap Rate
9.00%
Tenant Name
Dollar General
Years Remaining On Lease
5.4
Gross SF
9,014
Guarantor
Corporate Guarantee
Rentable SF
9,014
Price/Gross SF
$102.60
Lease Type
Double Net
Rent Per Square Feet
$8.39

Investment Overview

About 5.5 Years Remaining on Double Net Lease with Corporate Guaranty | Four Five-Year Options with 10 Percent Rental Increases at Each Option

Recession Resistant and E-Commerce-Proof Tenant | Pandemic Resistant – Considered an Essential Business

The Site was Built-to-Suit for Dollar General in 2010 | Foot Traffic has Increased Year Over Year for the Last Three Years | Strong Performer per Placer.ai – See Agents for Details

Nearby Retailers Include Piggly Wiggly, Sanders Hardware, and a US Post Office | Nearest Dollar General is Nine Miles Away

Strategically Located on TN Route 108 Between the Intersections of TN-108 and TN-56 and TN-399 | 50 Miles from the Chattanooga MSA with 588,050 Residents

Tennessee is an Income Tax Free State

Investment-Grade Tenant: Dollar General has a BBB Credit Rating (S&P) with over 20,000 Locations Across the United States | 2024 Revenues were $40.6 Billion | Dollar General is Ranked #111 on the Fortune 500 List

Investment Highlights

  • About 5.5 Years Remaining on Double Net Lease with Corporate Guaranty | Four Five-Year Options with 10 Percent Rental Increases at Each Option
  • Recession Resistant and E-Commerce-Proof Tenant | Pandemic Resistant – Considered an Essential Business
  • The Site was Built-to-Suit for Dollar General in 2010 | Foot Traffic has Increased YOY for the Last Three Years | Strong Performer per Placer.ai – See Agents for Details

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Discount

Dollar General

Listing Price: $924,877

Cap Rate
9.00%
Tenant Name
Dollar General
Years Remaining On Lease
5.4
Gross SF
9,014
Guarantor
Corporate Guarantee
Rentable SF
9,014
Price/Gross SF
$102.60
Lease Type
Double Net
Rent Per Square Feet
$8.39

Investment Highlights

  • About 5.5 Years Remaining on Double Net Lease with Corporate Guaranty | Four Five-Year Options with 10 Percent Rental Increases at Each Option
  • Recession Resistant and E-Commerce-Proof Tenant | Pandemic Resistant – Considered an Essential Business
  • The Site was Built-to-Suit for Dollar General in 2010 | Foot Traffic has Increased YOY for the Last Three Years | Strong Performer per Placer.ai – See Agents for Details

Investment Overview

About 5.5 Years Remaining on Double Net Lease with Corporate Guaranty | Four Five-Year Options with 10 Percent Rental Increases at Each Option Recession Resistant and E-Commerce-Proof Tenant | Pandemic Resistant – Considered an Essential Business The Site was Built-to-Suit for Dollar General in 2010 | Foot Traffic has Increased Year Over Year for the Last Three Years | Strong Performer per Placer.ai – See Agents for Details Nearby Retailers Include Piggly Wiggly, Sanders Hardware, and a US Post Office | Nearest Dollar General is Nine Miles Away Strategically Located on TN Route 108 Between the Intersections of TN-108 and TN-56 and TN-399 | 50 Miles from the Chattanooga MSA with 588,050 Residents Tennessee is an Income Tax Free State Investment-Grade Tenant: Dollar General has a BBB Credit Rating (S&P) with over 20,000 Locations Across the United States | 2024 Revenues were $40.6 Billion | Dollar General is Ranked #111 on the Fortune 500 List

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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