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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 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 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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