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Investment Highlights

  • Newly constructed in 2022
  • Situated near Chattanooga, TN
  • Larger store design (+/-10,566 sq. ft.)
  • Lease backed by Dollar General Corporation (NYSE:DG)

Executive Summary

Great opportunity for an investor to pick up a low priced Dollar General that has over 10 years remaining on their original 15 year corporate backed lease. The lease is absolute NNN with 10% fixed rent increases at the beginning of each 5 year lease option. Tenant only paying monthly rent of $.79/sq. ft. NNN.
Dollar General had this store constructed in 2022 to service the Victoria area of Whitwell that is situated just 25 minutes from downtown Chattanooga, Tennessee.

Property Facts Under Contract

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,566 SF
Year Built
2022
Price
$1,460,000
Price Per SF
$138.18
Cap Rate
6.85%
NOI
$100,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.78 AC

Amenities

  • Corner Lot
  • Signage

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Retailer
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Dollar General began in 1939 as J.L. Turner and Son, a family business rooted in Scottsville, Kentucky, and later adopted the Dollar General name as the business expanded. The company built its model around small-box discount retailing and a simple mission centered on serving customers with affordable products and services. The company offers food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, and seasonal décor, sold through Dollar General, DG Market, DGX, pOpshelf, and Mi Súper Dollar General formats. Dollar General also sells products online and combines private brands with widely recognized national brands across a broad consumer mix.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Retailer 99,999 SF $9.99 Lorem Ipsum Jan 0000
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
073D-A-023.00
Land Assessment
$59,400
Improvements Assessment
$334,360
Total Assessment
$393,760
  • Listing ID: 40638339

  • Date on Market: 5/22/2026

  • Last Updated:

  • Address: 825 Cheri, Whitwell, TN 37397

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