Discount
Dollar General | New 15-Year Absolute NNN
Bogard Rd, Newport, TN 37821
Listing Price: $2,237,000
Cap Rate
6.65%
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
$13.98
Investment Overview
Marcus & Millichap is pleased to present the Dollar General in Newport, TN.
Dollar General | New 15-Year Absolute NNN
Investment Highlights
- 15-Year Absolute NNN Lease, No Landlord Responsibilities
- Rare 5% Rental Increases Every 5 Years in Base Term and Options
- Investment Grade Credit Tenant, Rated 'BBB' by S&P
- Dollar General is the Nation's Largest Retailer with 20,300+ Stores
- Brand New Construction on Oversized Parcel
- Serving Over 26,000 Residents in Growing Trade Area
- Hard Corner Location, Highly Visible Along Major North/South Artery
- Just Off I-40, Direct Access to Knoxville, Nashville, and Memphis
Exclusively Listed By
Broker of Record
Listing Price: $2,237,000
Cap Rate
6.65%
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
$13.98
Investment Highlights
- 15-Year Absolute NNN Lease, No Landlord Responsibilities
- Rare 5% Rental Increases Every 5 Years in Base Term and Options
- Investment Grade Credit Tenant, Rated 'BBB' by S&P
- Dollar General is the Nation's Largest Retailer with 20,300+ Stores
- Brand New Construction on Oversized Parcel
- Serving Over 26,000 Residents in Growing Trade Area
- Hard Corner Location, Highly Visible Along Major North/South Artery
- Just Off I-40, Direct Access to Knoxville, Nashville, and Memphis
Investment Overview
Marcus & Millichap is pleased to present the Dollar General in Newport, TN.
Exclusively Listed By
Broker of Record
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