Dollar General for Sale in Rocky Top, TN
Rocky Top, TN
Key Investment Metrics
Price
$1,686,204
Cap Rate
7.3%
Net Operating Income
$123,936
Building Size
20304 SF
Land Area
1.98 Acres
Remaining Term
6.7 years
Lease Expiration
03/31/2033
Lease Term
10.1 years
Lease Commencement
03/15/2023
Lease Type
NN
Tenant Credit
Corporate Guarantee
Year Built
1964
Occupancy
100%
Tenancy
Single
Rent Increases
10% in each option
Property overview
Dollar General in Rocky Top
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 20,304 SF
- Land area
- 1.98 acres
- Year built
- 1964
- Lease type
- NN
- Lease expiration
- 03/31/2033
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.