Dollar General for Sale in Rogersville, TN
Rogersville, TN
Key Investment Metrics
Price
$1,211,200
Cap Rate
6.8%
Net Operating Income
$81,756
Building Size
9100 SF
Land Area
3.11 Acres
Remaining Term
4.8 years
Lease Expiration
02/27/2031
Lease Term
15 years
Lease Commencement
03/01/2016
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
2016
Tenancy
Single
Rent Increases
10% in each Option
Property overview
Dollar General in Rogersville
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 9,100 SF
- Land area
- 3.11 acres
- Year built
- 2016
- Lease type
- Absolute NNN
- Lease expiration
- 02/27/2031
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.