Dollar General - Net Lease Property for Sale
Rocky Top, TN
Key Investment Metrics
Price
$1,686,204
Cap Rate
7.3%
Net Operating Income
$123,936
Building Size
20304 SF
Lot Size
20,304 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
About This Dollar General Net Lease Property
This Dollar General NNN (triple net lease) property is located in Rocky Top, TN and represents an excellent investment opportunity for commercial real estate investors. The property features 20304 square feet of building space and was built in 1964.
With a cap rate of 7.3%, this Dollar General net lease property offers stable income potential. The asking price is $1,686,204, making it an attractive option for 1031 exchange investors seeking quality Dollar General commercial properties.
Why Invest in Dollar General NNN Properties?
- Stable Income: Dollar General net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Dollar General is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Rocky Top, TN Market Overview
Located in Rocky Top, TN, this Dollar General property benefits from strong local demographics and market fundamentals. The Rocky Top area offers excellent visibility and accessibility, making it an ideal location for Dollar General operations and a solid investment for net lease property buyers.