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3632 Jim Cummings Hwy 9,100 SF Retail Building Woodbury, TN 37190 $1,000,000 ($109.89/SF) 7.60% Cap Rate
Investment Highlights
- Absolute triple net (NNN) lease with zero landlord responsibilities
- Three additional five-year renewal options with 10% rent increases
- Built to suit in 2012 with a durable brick facade and concrete parking lot
- Growing Middle Tennessee location within the Nashville MSA
- Direct frontage along Jim Cummings Highway (US 70S) with ±6,278 VPD
- Corporate guaranteed lease to Dollar General (NYSE: DG)
Executive Summary
AMC Real Estate Investment Services is pleased to present for sale the single tenant Dollar General at 3632 Jim Cummings Highway in Woodbury, Tennessee. This 9,100 square foot property is fully leased to Dollar General (NYSE: DG), an investment grade (S&P: BBB) Fortune 500 retailer, on an absolute NNN lease that places all responsibility for taxes, insurance, and maintenance on the tenant, delivering a completely hands off income stream ideal for a passive, out of state, or 1031 exchange buyer.
The lease offers in place NOI of $75,987 at a 7.60% cap rate, with three (3) five-year renewal options carrying 10% rent increases at each, providing built in income growth. Dollar General has operated at this location since 2012, demonstrating long term commitment to the site.
The property sits along Jim Cummings Highway (US 70S) with direct frontage and ±6,278 VPD, serving as the primary retail node for the Woodbury and Cannon County trade area. Woodbury is the county seat of Cannon County and lies within the Nashville MSA, one of the fastest growing metropolitan areas in the country, within commuting distance of Murfreesboro and Nashville.
This is a stabilized, single tenant net leased asset backed by an essential, recession resilient retailer in a growing Middle Tennessee market. Supported by predictable cash flow, minimal management, and strong tenant fundamentals, the property offers long term stability well suited for ownership consideration.
The lease offers in place NOI of $75,987 at a 7.60% cap rate, with three (3) five-year renewal options carrying 10% rent increases at each, providing built in income growth. Dollar General has operated at this location since 2012, demonstrating long term commitment to the site.
The property sits along Jim Cummings Highway (US 70S) with direct frontage and ±6,278 VPD, serving as the primary retail node for the Woodbury and Cannon County trade area. Woodbury is the county seat of Cannon County and lies within the Nashville MSA, one of the fastest growing metropolitan areas in the country, within commuting distance of Murfreesboro and Nashville.
This is a stabilized, single tenant net leased asset backed by an essential, recession resilient retailer in a growing Middle Tennessee market. Supported by predictable cash flow, minimal management, and strong tenant fundamentals, the property offers long term stability well suited for ownership consideration.
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Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
9,100 SF
Year Built
1980
Price
$1,000,000
Price Per SF
$109.89
Cap Rate
7.60%
NOI
$75,987
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.20 AC
Opportunity Zone
Yes
Parking
40 Spaces (4.4 Spaces per 1,000 SF Leased)
Frontage
128’ on Jim Cummings Hwy
Amenities
- Pylon Sign
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 052-067.00 | Improvements Assessment | $88,500 |
| Land Assessment | $32,225 | Total Assessment | $120,725 |
Property Taxes
Parcel Number
052-067.00
Land Assessment
$32,225
Improvements Assessment
$88,500
Total Assessment
$120,725
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3632 Jim Cummings Hwy
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