6071 Highway 411
Benton, TN 37307
IGA Grocery Store · Retail Property For Sale

This IGA grocery store has been in existence for over 20-years and just executed a 5-year extension on May 17, 2017. There is a triple net (NNN) lease in place. The Capitalization Rate is about 9.25%. The lease includes a 5-year extension. The Landlord is responsible for the roof and structural maintenance. The tenant is Laurel Grocery Company which is a credit tenant doing about $400 million (D&B Hoovers) in volume as a "family-owned wholesaler serving family owned retailers since 1922". They own stores like this one but are primarily a wholesale distributor for the grocery business. The store has been well maintained and is the dominant grocery for Benton, TN and the surrounding area. Benton and the surrounding area has a high amount of tourist traffic due to the Ocoee and Hiwassee Rivers which are nearby and due to the scenic beauty of the mountains.