1030 Congress Pky N - Storefront FOR SALE


Athens, TN 37303
$1,420,000 USD
817-259-3519
1030 Congress Pky N, Athens, TN for Sale
$1,420,000 USD
Storefront - FOR SALE
1/10
null | 6.7% Cap Rate

1030 Congress Pky N
Athens, TN 37303


HIGHLIGHTS

  • High performing store - Per Placer.ai data, this store ranks #6 out of 19 Dollar General stores in a 15-mile radius
  • Absolute triple net with no landlord responsibilities
  • New construction in 2018
  • 8.5 years of remaining lease term with five, 5-year options at 10% increases each
  • Oversized land parcel of 2.636 acres
  • Building size per the lease is 9,026 SF, however the building is 9,172 SF per the as-built survey

OVERVIEW

Transwestern National Net Lease | Sale Leaseback Group is pleased to present a high-performing, absolute triple net leased Dollar General at 1030 Congress Parkway North, Athens, Tennessee. The Property was completed in March 2018 with a new 15-year lease with no landlord responsibilities, providing an investor a truly passive investment opportunity. The initial term of the lease runs through March 31, 2033, with the tenant having five (5), 5-year options to renew with 10% rent increases each. According to Placer.ai, this store’s visitor traffic ranks #6 out of 19 stores in a 15-mile radius and outperforming 64% of stores in the State of Tennessee and 61% of all Dollar General stores nationwide. The Property is situated 3.2 miles north of downtown Athens, Tennessee and is roughly 60 miles northeast of Chattanooga and 55 miles southwest of Knoxville, approximately halfway between the two major cities. Dollar General is a publicly traded company (NYSE: DG) and an investment grade tenant (S&P: BBB). Headquartered in Goodlettsville, Tennessee, Dollar General’s gross revenue for 2023 exceeded $38.7 billion with operating profit of $2.4 billion. Dollar General operates more than 19,000 stores with plans to open 800 more and remodel an additional 1,500 stores in 2024.

FOR SALE DETAILS

PRICE

$1,420,000 USD

PRICE/SF

$155 USD /SF

CAP RATE

6.7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General-Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.63 AC

LAND SF

114,563 SF

ZONING

B3

APN/PARCEL ID

054047 14304

ASK ABOUT THIS PROPERTY

Bill BehrTranswestern Real Estate ServicesMore Info
817-259-3519

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Bill BehrTranswestern Real Estate ServicesMore Info
817-259-3519

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.