Dollar General
Single-Tenant Offerings
Dollar General
Highway 321 South
Lenoir City (Knoxville MSA), TN
- Price:
- $2,220,000
- Cap Rate:
- 6.50%
- NOI:
- $144,316
- Rentable SQFT:
- 10,640 Sf
- Year Built:
- 2024
- Lot Size:
- 1.25 +/- Acres
- Lease Type:
- Absolute NNN
- Status:
- Under Contract
Investment Highlights
- 15-Year Absolute NNN Lease, No Landlord Responsibilities
- Rare 5% Increases Every 5 Years Throughout the Base Term and Options
- Investment Grade Credit Tenant, Rated ‘BBB’ by S&P
- Dollar General is the Largest Retailer in the U.S. with 19,700+ Stores
- Classified Nationally as an Essential Retailer for Daily Shopping Needs
- Brand New 2024 Construction on an Oversized Parcel
- Serving Over 51,000 Residents in Rapidly Growing Trade Area, 27 Miles to Downtown Knoxville
- Strong Average Household Incomes in Excess of $122,000 in Primary Trade Area
- Highly Visible Along Major East/West Artery with 15,139 Cars/Day
- Minutes to Pellissippi State Community College 8,710 Students
- Close Proximity to the Great Smoky Mountains with 14+ Million Visitors/Year
- Just North of Nantahala National Forest with 2.5+ Million Visitors/Year
- Situated in the Heart of the Appalachian Region where Tourism is the Fastest Growing Industry
- Tax Free State, No State Income Tax in Tennessee
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