Dollar General

Net Lease

333 South Shady St, Mountain City, Tennessee

Ownership Type:

Owner/User

Price:

$1,434,352

Cap Rate:

6.80%

Current Rent:

$97,536

Tenancy:

Single Tenant

Lease Type:

Triple Net

Lease Term:

15 years

Landlord Responsibilities:

None

Renewal Options:

6, Five-year

Building Sq. Ft.:

9,026 SF

Rent Increases:

5% every 5 years and 10% at beginning of each option period

Site Size:

1.70 Acres

Investment Highlights

Rare Lease Structure: 15-year absolute NNN lease (~13 Years Remaining) with 5% rental bumps every 5 years during the base term and 10% at beginning of each option period.
Long Term Tenancy: Dollar General has occupied since 2013 and recently extended 10-year lease term showing long term commitment to the site.
Growth Population: Tennessee is one of the most desired retail markets in the country due to its rising population and no state income tax for its citizens.
Corporate Guarantee: The lease is guaranteed by an investment grade tenant in Dollar General Corporation (S&P:BBB).

Access Offering Memorandum

Ownership Type:

Owner/User

Price:

$1,434,352

Cap Rate:

6.80%

Current Rent:

$97,536

Lease Type:

Triple Net

Lease Term:

15 years

Landlord Responsibilities:

None

Renewal Options:

6, Five-year

Building Sq. Ft.:

9,026 SF

Rent Increases:

5% every 5 years and 10% at beginning of each option period

Site Size:

1.70 Acres

Listing Agents

Connor Shell

Managing Director
407.913.9009[email protected]

Blake Micholas

Analyst
301 412 4555[email protected]

Jordan Shtulman

Managing Principal
847.226.4133[email protected]

Analyst

Ben Hollis

Analyst
256.595.2574[email protected]

Download Offering Memorandum

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