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Dollar General 4968 Highway 127 S 9,100 SF 100% Leased Retail Building Crossville, TN 38572 $1,316,616 ($144.68/SF) 7% Cap Rate
Investment Highlights
- 2018 build-to-suit construction for Dollar General
- Absolute NNN lease structure with zero management responsibilities
- Tennessee is an income tax free state
- ±7.5 Years remaining on an initial 15-year lease, which includes Five, 5-Year extension options all of which include a 10% rent increase
- Corporately guaranteed lease from Dollar General Corporation (S&P: BBB)
- Located along Highway 127 S with average daily traffic counts exceeding ±11,000 vehicles
Executive Summary
Broker of Record
Hutt Cooke
License # 263667, 356505 (TN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Hutt Cooke
License # 263667, 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
Building Size
9,100 SF
Building Class
B
Year Built
2018
Price
$1,316,616
Price Per SF
$144.68
Cap Rate
7%
NOI
$92,163
Percent Leased
100%
Building Height
1 Story
Zoning
A
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Dollar General began in 1939 as a wholesale venture and later opened its first store in 1955, growing into a discount retail business focused on everyday essentials. The company sells food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, paper products, and seasonal items, and it also offers products online. Dollar General operates as a broad neighborhood retail chain with a presence across the United States and Mexico, serving shoppers through convenient store formats and an e-commerce channel.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Not walkable
10/100
Exceptionally drivable
90/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 018139 05006 | Improvements Assessment | $258,840 |
| Land Assessment | $19,080 | Total Assessment | $277,920 |
Property Taxes
Parcel Number
018139 05006
Land Assessment
$19,080
Improvements Assessment
$258,840
Total Assessment
$277,920
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Dollar General | 4968 Highway 127 S
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