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4462 US-421 10,640 SF Retail Building Bristol, TN 37620 $2,607,692 ($245.08/SF) 6.50% Cap Rate
Investment Highlights
- Corporately Guaranteed Lease – Backed by Dollar General Corporation (NYSE: DG), which holds an investment-grade credit rating.
- Strong Household Demographics – The average household income within a 5-mile radius is approximately $75,79, indicating solid consumer spending power.
- Absolute Triple Net (NNN) Lease – Features zero landlord responsibilities, providing a passive, management-free investment structure.
- Essential Retailer with Resilient Model – Dollar General was classified as an essential retailer during the COVID-19 pandemic.
- Growth-Oriented Tenant – Dollar General recently announced plans to open 450 new stores and remodel 2,000 existing locations in 2026.
- Structured Rental Increases – Lease includes 5% rental escalations every five years during the primary term, supporting long-term income growth.
Executive Summary
Broker of Record
Hutt Cooke
License # 356505 (TN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Hutt Cooke
License # 356505 (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
Building Size
10,640 SF
Building Class
B
Year Built
2024
Price
$2,607,692
Price Per SF
$245.08
Cap Rate
6.50%
NOI
$169,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
2.05 AC
Parking
37 Spaces (3.48 Spaces per 1,000 SF Leased)
Frontage
129’ on U.S. 421
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Dollar General is a national discount retailer operating multiple neighborhood-scale stores throughout New Port Richey, Florida. The Massachusetts Avenue location serves surrounding residential neighborhoods with a broad assortment of everyday necessities at low price points. The store offers groceries, snacks, health and beauty products, cleaning supplies, basic apparel, paper goods, seasonal items, and private-label merchandise.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Property Taxes
| Parcel Number | 040H-A-003.00 | Improvements Assessment | $404,680 |
| Land Assessment | $14,680 | Total Assessment | $419,360 |
Property Taxes
Parcel Number
040H-A-003.00
Land Assessment
$14,680
Improvements Assessment
$404,680
Total Assessment
$419,360
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4462 US-421
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