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Dollar General | Triple Net (NNN) Lease

$1,955,111

316 Hannah Drive, Oliver Springs, TN 37840

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

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