Dollar General | NN Lease

1200 West Church Street, Alamo, TN

$1,066,667

Price

7.5%

Cap Rate

16,536 sqft

Building Size

Gallery
Street
Map
Overview
Cap Rate
7.5%
Building Size
16,536 sqft
Lease Type
Double Net
Year Built
2007
Highlights
  • 10% rental increase during initial term
  • Income tax-free state
  • Alamo, TN is located 60 miles northeast of Memphis.
  • Notable corporate tenants in the area include Sonic, AutoZone, Subway, Dairy Queen, NAPA Auto Parts, Dollar General
  • Easily accessible ingress and egress points
  • Over 5,000 residents within a 5-mile radius boasting an average household income of $63,005.
  • Less than a mile from Crockett County High School and Middle School -roughly 1,400 students currently enrolled
  • Dollar General Market concept – nearly double the size of a normal dollar store concept with an increased amount of consumable goods and essential household items.
  • This site is currently paying below market rent at $4.84 per sq/ft.
  • Former Fred’s Pharmacy – retrofitted to suit Dollar General Market in 2021
Documents
Title
Offering Memorandum
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Location
Gallery