Dollar General | Triple Net (NNN) Lease
$1,955,111
316 Hannah Drive, Oliver Springs, TN 37840
For Sale
Retail
Free Standing
Active
Last Updated: 02/11/2021
6.75
Cap Rate
131,970
NOI
Details:
Cap Rate: 6.75%
NOI: $131,970
Building Size: 12,480 sqft
Lot Area: 1.54 acres
Lease Type: Triple Net
Year Built: 2014
Price Per Sqft: $156.66
Roof & Structure: Tenant's Responsibility
HVAC: Tenant's Responsibility
Repairs & Maintenance: Tenant's Responsibility
Highlights:
- Long-Term, NNN Lease on This Dollar General That is Situated on an Oversized Lot
- Corporate Guarantee From Investment Grade Tenant Dollar General Corporation (NYSE: DG); Dollar General Has Been Deemed an Essential Business
- Dollar General Has Hired Over 50,000 New Employees to Support Operations Across Its Organization Amid Heightened Demand to Meet Customers Essential Needs
- Dollar General Makes a Compelling Investment Opportunity in Light of the Country’s Current Economic Challenges, Read More Here
- Wells Fargo Believes Dollar General is Best-Positioned For COVID-19 Economic Fallout; Read More Here
- Located Off E Tri County Blvd (Hwy 61/62), the Major Corridor Into Downtown Oliver Springs (West) and Knoxville, TN (30-Miles Southeast)
- Strong Demographics For the Area With a Population of 54,041 Residents Making an Average Household Income of $75,101 Within a 10-Mile Radius
- Positioned Within Minutes Between Five Elementary, Middle and High Schools
- Oliver Springs Lies Beneath the Walden Ridge; Which Was Established as a Coal Mining Town, But is Now Famously Known as Being the Location For the 1998 Movie October Sky, in Which They Have an Annual Festival Each October
- Nearby Tenants Include Food City, Hardee’s, Subway, Shell, Food City, Raceway, Ace Hardware, Family Dollar and UPS
Description:
Sands Investment Group is Pleased to Present Exclusively For Sale the 12,480 SF Dollar General Located at 316 Hannah Drive in Oliver Springs, TN. This Opportunity Includes a Long-Term Triple Net (NNN) Lease Backed By a Corporate Guarantee With Zero Landlord Responsibilities, Providing For a Secure Investment.
In Cooperation With: Sands Investment Group Tennessee, LLC – Lic . # 263973
BoR: Kaveh Ebrahimi - Lic. # 344496
Documents:
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Offering Memorandum |
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