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Dollar General 3101 Dodson Ave 9,100 SF Retail Building Chattanooga, TN 37406 $1,402,666 ($154.14/SF) 6.75% Cap Rate
Investment Highlights
- Absolute NNN lease with zero landlord responsibilities for passive income
- ±5.5 years remaining on recently extended lease; 1st option exercised
- 5-Mile population of 141,941 with 1.2% projected growth over 5 years
- Corporate guaranty from Dollar General Corporation
- 10% rent increase on Feb 1, 2027 — cap rate rises to 7.43%
- Average household income of $84,662 within 5-mile radius
Executive Summary
Hutt Cooke
License # 356505, 263667 (TN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # 356505, 263667 (TN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Year Built
2012
Price
$1,402,666
Price Per SF
$154.14
Cap Rate
6.75%
NOI
$94,680
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.04 AC
Opportunity Zone
Yes
Zoning
M1 - Industrial District
Parking
36 Spaces (3.96 Spaces per 1,000 SF Leased)
Frontage
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 128P-C-005.01 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $535,360 |
Property Taxes
Parcel Number
128P-C-005.01
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$535,360
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Dollar General | 3101 Dodson Ave