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Dollar General 2474 Boyds Creek Hwy 9,014 SF Retail Building Sevierville, TN 37876 $1,423,684 ($157.94/SF) 6.75% Cap Rate
EXECUTIVE SUMMARY
* Sevierville, TN (Knoxville MSA) location with 10,000+ nearby residents and no Dollar Store competition within 5 miles.
* 9,014 SF single-tenant Dollar General, built 2010, on high-visibility site.
* Fully leased to Dollar General (NYSE: DG, Fortune 500 #91), America’s largest retailer with 18,000+ stores, with a full corporate guarantee.
* Lease runs through September 2030, Tenant has exercised the first 5-year option through 9/30/2030.
* Upgraded store with expanded refrigeration, increasing local market share and shopper draw.
* Surrounded by growing residential and tourist attractions (Dollywood, Gatlinburg, Pigeon Forge).
* Area growth supported by new 200-acre entertainment venue under development nearby.
* NN+ lease: Tenant responsible for HVAC replacement and repair. Tenant reimburses for taxes, landscaping, parking lot repairs and lighting. Landlord covers roof, parking lot replacement, and structure.
* 9,014 SF single-tenant Dollar General, built 2010, on high-visibility site.
* Fully leased to Dollar General (NYSE: DG, Fortune 500 #91), America’s largest retailer with 18,000+ stores, with a full corporate guarantee.
* Lease runs through September 2030, Tenant has exercised the first 5-year option through 9/30/2030.
* Upgraded store with expanded refrigeration, increasing local market share and shopper draw.
* Surrounded by growing residential and tourist attractions (Dollywood, Gatlinburg, Pigeon Forge).
* Area growth supported by new 200-acre entertainment venue under development nearby.
* NN+ lease: Tenant responsible for HVAC replacement and repair. Tenant reimburses for taxes, landscaping, parking lot repairs and lighting. Landlord covers roof, parking lot replacement, and structure.
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront
Building Size
9,014 SF
Building Class
C
Year Built
2010
Price
$1,423,684
Price Per SF
$157.94
Cap Rate
6.75%
NOI
$96,099
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.24 AC
Zoning
C - Commercial services zoning
Parking
30 Spaces (3.33 Spaces per 1,000 SF Leased)
Frontage
247’ on Boyds Creek Highway
AMENITIES
- Pylon Sign
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Dollar General
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Dollar General | Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
PROPERTY TAXES
| Parcel Number | 025-005.54 | Improvements Assessment | $255,320 |
| Land Assessment | $70,000 | Total Assessment | $325,320 |
PROPERTY TAXES
Parcel Number
025-005.54
Land Assessment
$70,000
Improvements Assessment
$255,320
Total Assessment
$325,320
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Dollar General | 2474 Boyds Creek Hwy
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