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333 S Shady St
Mountain City, TN 37683
Dollar General · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Tennessee is one of the most desired retail markets in the country due to its rising population and no state income tax for its citizens.
- The lease is guaranteed by an investment grade tenant in Dollar General Corporation (S&P:BBB).
EXECUTIVE SUMMARY
Rare Lease Structure: 15-year absolute NNN lease (~13 Years Remaining) with 5% rental bumps every 5 years during the base term and 10% at beginning of each option period.
Long Term Tenancy: Dollar General has occupied since 2013 and recently extended 10-year lease term showing long term commitment to the site.
Long Term Tenancy: Dollar General has occupied since 2013 and recently extended 10-year lease term showing long term commitment to the site.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,384 SF
Building Class
C
Year Built
2013
Price
$1,434,352
Price Per SF
$152.85
Cap Rate
6.80%
NOI
$97,536
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.70 AC
Opportunity Zone
Yes
Zoning
B-3
Parking
53 Spaces (5.87 Spaces per 1,000 SF Leased)
Frontage
418’ on Shady St
PROPERTY TAXES
| Parcel Number | 048A-A-002.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $310,960 |
PROPERTY TAXES
Parcel Number
048A-A-002.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$310,960
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