Dollar General
Single-Tenant Offerings
Dollar General
Newport Hwy.
Sevierville (East of Knoxville), TN
- Price:
- $2,349,000
- Cap Rate:
- 6.65%
- NOI:
- $156,198
- Rentable SQFT:
- 10,819 SF
- Year Built:
- 2025
- Lot Size:
- 1.54 +/- Acres
- Lease Type:
- Absolute NNN
- Status:
- Under Contract
Investment Highlights
- 15-Year Absolute NNN Lease, No Landlord Responsibilities
- Rare 5% Rental Increases Every 5 Years in Base Term and Options
- Investment Grade Credit Tenant, Rated ‘BBB’ by S&P
- Dollar General is the Nation’s Largest Retailer with 20,000+ Stores
- Brand New Construction with Brick Storefront on an Oversized Parcel
- Serving Over 40,000 Residents in Rapidly Growing Suburb to Knoxville
- Strong Average Household Incomes Exceed $80,000 in 1-Mile and $86,000 in 3 Miles
- Highly Visible Along Major East/West Artery with 15,784 Cars/Day, Direct Access to Downtown Knoxville
- Just North of Dollywood with 3+ Million Visitors Annually, Dolly Parton’s 150-Acre Appalachian-Themed Park
- The Gateway to the Great Smoky Mountains National Park with Over 14.1 Million Visitors Annually
- Close Proximity to Cherokee National Forest with Approximately 3 Million Visitors Annually
- Minutes to $90 Million Soaky Mountain Indoor/Outdoor Waterpark with 400,000+ Visitors/Year, Recently Completed $40 Million Expansion
- Strong Daytime Population with Over 26,000 Employees in Primary Trade Area
- Surrounded by Several K-12 Schools with 7,000+ Students, Near Walters State Community College – Sevier Campus
- 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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