Discount
Dollar General | 5% Increases Every 5 Years | Brick Building
307 New York Ave, Oak Ridge (Knoxville MSA), TN 37830
Listing Price: $2,065,000
Cap Rate
7.40%
Tenant Name
Dollar General
Years Remaining On Lease
9.9
Guarantor
Corporate Guarantee
Rentable SF
12,274
Lease Type
Double Net
Rent Per Square Feet
$12.45
Investment Overview
Marcus & Millichap is pleased to present the Dollar General in Oak Ridge, TN.
Dollar General | 5% Increases Every 5 Years | Brick Building
Investment Highlights
- New 10-Year Lease with 5% Increases Every 5 Years
- Complete Interior/Exterior Remodel, Brand New Roof and New Topcoat on Parking Lot
- Investment Grade Credit Tenant, Rated 'BBB' by S&P
- Dollar General is the Nation's Largest Retailer with 20,600+ Stores
- Serving Over 57,000 Residents in Rapidly Growing Knoxville Suburb
- Strong Average Household Incomes Exceed $87,000 in 3 Miles and $93,000 in 5 Miles
- 3,000+ New Homes Under Construction in Oak Ridge
Exclusively Listed By
Broker of Record
Discount
Dollar General | 5% Increases Every 5 Years | Brick Building
Listing Price: $2,065,000
Cap Rate
7.40%
Tenant Name
Dollar General
Years Remaining On Lease
9.9
Guarantor
Corporate Guarantee
Rentable SF
12,274
Lease Type
Double Net
Rent Per Square Feet
$12.45
Investment Highlights
- New 10-Year Lease with 5% Increases Every 5 Years
- Complete Interior/Exterior Remodel, Brand New Roof and New Topcoat on Parking Lot
- Investment Grade Credit Tenant, Rated 'BBB' by S&P
- Dollar General is the Nation's Largest Retailer with 20,600+ Stores
- Serving Over 57,000 Residents in Rapidly Growing Knoxville Suburb
- Strong Average Household Incomes Exceed $87,000 in 3 Miles and $93,000 in 5 Miles
- 3,000+ New Homes Under Construction in Oak Ridge
Investment Overview
Marcus & Millichap is pleased to present the Dollar General in Oak Ridge, TN.
Exclusively Listed By
Broker of Record
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