Dollar General | 12+yrs Remain Abs NNN 6359 Tennessee 90
9,002 SF Retail Building Clairfield, TN 37715 $1,294,777 ($143.83/SF) 7.20% Cap Rate
INVESTMENT HIGHLIGHTS
- Over 12 Years Remaining | Options to Extend | Established Brand
- Located Along State Hwy 90 | Limited Competition | Clairfield Elementary School | Excellent Visibility
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics in 5-mile Trade Area
EXECUTIVE SUMMARY
The tenant currently has over 12 years remaining with 5 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases at the beginning of each option period, growing NOI and hedging against inflation. As of May 3, 2024, the Company’s 20,149 Dollar General, DG Market, DGX and pOpshelf stores across the United States
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
9,002 SF
Building Class
C
Year Built
2021
Price
$1,294,777
Price Per SF
$143.83
Cap Rate
7.20%
NOI
$93,224
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.84 AC
Zoning
C
Parking
30 Spaces (3.33 Spaces per 1,000 SF Leased)
Frontage
408’ on Tennessee 90
AMENITIES
- Freeway Visibility
- Signage
PROPERTY TAXES
| Parcel Number | 023G-A-013.01 | Improvements Assessment | $15,000 |
| Land Assessment | $600 | Total Assessment | $15,600 |
