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Dollar General 527-531 W Highway 64 15,007 SF 100% Leased Retail Building Waynesboro, TN 38485 $595,000 ($39.65/SF) 9.55% Cap Rate
INVESTMENT HIGHLIGHTS
- Two separate structures totaling 21,007 sq. ft
- Easy Access and Excellent Exposure from Highway 64 West
- Excellent Parking
EXECUTIVE SUMMARY
NAI Nashville Stanton Group in conjunction
with NAI Capital Commercial are pleased to
offer For Sale a Retail Strip Center anchored by
Dollar General located at: 527 – 531 Highway
64 W, Waynesboro, Tennessee 38485.
This retail strip center built in 1986, has had
Dollar General as the anchor Tenant there since 1991. Through a series of
multiple lease extension agreements of either 3- or 5-year terms they still
occupy a major section of the Premises and recently executed another Lease
Extension Agreement that will extend their tenancy through 8/31/2028 being
over 5 years more. This trend of DG constantly renewing their lease shows
their loyal commitment to the site.
The lease is Guaranteed by Dollar General Corporation that operates over
20,000 stores across the United States.
with NAI Capital Commercial are pleased to
offer For Sale a Retail Strip Center anchored by
Dollar General located at: 527 – 531 Highway
64 W, Waynesboro, Tennessee 38485.
This retail strip center built in 1986, has had
Dollar General as the anchor Tenant there since 1991. Through a series of
multiple lease extension agreements of either 3- or 5-year terms they still
occupy a major section of the Premises and recently executed another Lease
Extension Agreement that will extend their tenancy through 8/31/2028 being
over 5 years more. This trend of DG constantly renewing their lease shows
their loyal commitment to the site.
The lease is Guaranteed by Dollar General Corporation that operates over
20,000 stores across the United States.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
15,007 SF
Building Class
C
Year Built
1986
Price
$595,000
Price Per SF
$39.65
Cap Rate
9.55%
NOI
$56,823
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
2.06 AC
Opportunity Zone
Yes
Frontage
298’ on Highway 64 West
AMENITIES
- 24 Hour Access
PROPERTY TAXES
| Parcel Number | 077I-A-031.01 | Improvements Assessment | $58,640 |
| Land Assessment | $37,840 | Total Assessment | $96,480 |
PROPERTY TAXES
Parcel Number
077I-A-031.01
Land Assessment
$37,840
Improvements Assessment
$58,640
Total Assessment
$96,480
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Dollar General | 527-531 W Highway 64
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