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Dollar General 307 New York Ave 12,274 SF Retail Building Oak Ridge, TN 37830 $2,065,000 ($168.24/SF) 7.40% Cap Rate
INVESTMENT HIGHLIGHTS
- New 10-Year Lease with 5% Increases Every 5 Years
- Investment Grade Credit Tenant, Rated ‘BBB’ by S&P
- Serving Over 57,000 Residents in Rapidly Growing Knoxville Suburb
- Complete Interior/Exterior Remodel, Brand New Roof and New Topcoat on Parking Lot
- Dollar General is the Nation’s Largest Retailer with 20,600+ Stores
- Strong Average Household Incomes Exceed $87,000 in 3 Miles and $93,000 in 5 Miles
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
12,274 SF
Building Class
C
Year Built/Renovated
1969/2025
Price
$2,065,000
Price Per SF
$168.24
Cap Rate
7.40%
NOI
$152,847
Tenancy
Single
Building Height
1 Story
Building FAR
0.36
Lot Size
0.78 AC
Zoning
B-1
Parking
35 Spaces (2.85 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 099D-F-052.00 | Improvements Assessment | $362,700 |
| Land Assessment | $50,000 | Total Assessment | $412,700 |
PROPERTY TAXES
Parcel Number
099D-F-052.00
Land Assessment
$50,000
Improvements Assessment
$362,700
Total Assessment
$412,700
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Dollar General | 307 New York Ave
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