STREAM Capital Partners > Properties > All Properties > Dollar General

Dollar General

Net Lease

333 South Shady St, Mountain City, Tennessee
Ownership Type:
Fee Simple
Price:
$1,445,000
Cap Rate:
6.75%
Current Rent:
$97,536
Tenancy:
Single Tenant
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date::
Approx. 15 years
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 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 their lease which will expire at the end of 2038 providing 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).
Ownership Type:
Fee Simple
Price:
$1,445,000
Cap Rate:
6.75%
Current Rent:
$97,536
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date::
Approx. 15 years
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

Jordan Shtulman

Managing Principal
847.226.4133[email protected]

Broker Of Record: Connor Shell, TN Lic: 371818

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