Dollar General for Sale in Lyles, TN
Lyles, TN
Key Investment Metrics
Price
$1,568,672
Cap Rate
6.4%
Net Operating Income
$100,395
Building Size
12687 SF
Land Area
2 Acres
Remaining Term
11 years
Lease Term
15 years
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
2022
Occupancy
100%
Tenancy
Single
Rent Increases
10% in each Option
Property overview
Dollar General in Lyles
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 12,687 SF
- Land area
- 2 acres
- Year built
- 2022
- Lease type
- Absolute NNN
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.