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Dollar General | NN Lease Investment 8021 Austin Peay Hwy 9,238 SF Retail Building Millington, TN 38053 $1,350,000 ($146.14/SF) 6.26% Cap Rate
Investment Highlights
- [Long-Term Stability] 15-Year Initial Term + (5) Five-Year Renewal Options
- [Strong Location] 9,348 SF on 3.24 Acres Along Austin Peay Highway
- [Passive Investment] Double Net (NN) Lease Structure
Executive Summary
Presenting an opportunity to acquire a single-tenant Dollar General property located at 8021 Austin Peay Highway in Millington, TN. The asset is secured by a 15-year double net (NN) lease with five (5) year renewal options, providing long-term stability and consistent cash flow.
The property consists of a 9,238 square foot building situated on a 3.24-acre parcel, well positioned in a rural corridor of Tennessee. Neighboring tenants include Subway and a Shell gas station, further driving local and commuter traffic to the site.
This investment features a 6.25% capitalization rate, making it a strong opportunity for investors seeking passive income backed by a nationally recognized credit tenant.
The property consists of a 9,238 square foot building situated on a 3.24-acre parcel, well positioned in a rural corridor of Tennessee. Neighboring tenants include Subway and a Shell gas station, further driving local and commuter traffic to the site.
This investment features a 6.25% capitalization rate, making it a strong opportunity for investors seeking passive income backed by a nationally recognized credit tenant.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,238 SF
Building Class
B
Year Built
2013
Price
$1,350,000
Price Per SF
$146.14
Cap Rate
6.26%
NOI
$84,444
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
3.24 AC
Zoning
CMU-1 - Commercial Mixed Use – 1
Frontage
532’ on Austin Peay Highway
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | D0-117-0-0360 | Improvements Assessment | $692,360 |
| Land Assessment | $40,840 | Total Assessment | $733,200 |
Property Taxes
Parcel Number
D0-117-0-0360
Land Assessment
$40,840
Improvements Assessment
$692,360
Total Assessment
$733,200
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Dollar General | NN Lease Investment | 8021 Austin Peay Hwy