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1021 Bloomingdale Pike
Kingsport, TN 37660
Retail Property For Sale
Investment Highlights
- Corporate Guarantee – the lease guarantee is backed by Dollar General Corporation, ranked #91 on the Fortune 500 list
- ZERO Landlord Obligations – The tenant is on an absolute NNN lease allowing for a truly passive investment
- Strong Increases – The lease boasts 10% increases every five years in the options, allowing for a strong hedge against inflation
- Long-Term Lease – Dollar General has an initial lease term of 12.75 years, allowing for a long-term investment
- Options to Extend Lease – Dollar General has Five, 5-year options to extend the lease
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
B
Year Built
2021
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
4.85 AC
Parking
38 Spaces (4.18 Spaces per 1,000 SF Leased)
Frontage
99’ on Bloomingdale Pike
Property Taxes
| Parcel Number | 046B-C-002.00 | Improvements Assessment | $43,800 |
| Land Assessment | $34,160 | Total Assessment | $77,960 |
Property Taxes
Parcel Number
046B-C-002.00
Land Assessment
$34,160
Improvements Assessment
$43,800
Total Assessment
$77,960
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