108 Limestone Ruritan Rd - Freestanding FOR SALE


Limestone, TN 37681
$2,597,358 USD
662-234-4044
108 Limestone Ruritan Rd, Limestone, TN for Sale
$2,597,358 USD
Freestanding - FOR SALE
1/4
null | 6.5% Cap Rate

108 Limestone Ruritan Rd
Limestone, TN 37681


HIGHLIGHTS

  • NNN Single Tenant Investment Opportunity
  • Located in the Johnson City-Bristol-Kingsport MSA
  • 15-Year Lease with Five (5), Five (5) Year Options
  • 5% Rent Increases Every 5 Years During the Initial Term and Each Option
  • Corporate Guarantee by Dollar General Corporation

OVERVIEW

Randall Commercial Group, LLC is pleased to exclusively offer for sale this brand new, free-standing DG Market located in Limestone, TN. The subject property has a 15-year NNN lease with 5% increases every 5 years during the initial term and each option, and an estimated delivery date in October 2024. The property is located on Limestone Ruritan Rd at its intersection with Andrew Johnson Highway, approximately 18 miles from Johnson City and 14 miles from Greeneville, TN. Limestone is part of the Johnson City-Kingsport-Bristol combined statistical area, known as the “Tri-Cities” region, with a population of over 500,000. Dollar General is an investment-grade tenant with a Standard & Poor’s “BBB” credit rating.

FOR SALE DETAILS

PRICE

$2,597,358 USD

PRICE/SF

$244 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

DG Market | Limestone, TN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

1.9 AC

LAND SF

82,764 SF

ZONING

A1

APN/PARCEL ID

073-062.02

ASK ABOUT THIS PROPERTY

Elizabeth RandallRandall Commercial Group, LLCMore Info
662-234-4044

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Elizabeth RandallRandall Commercial Group, LLCMore Info
662-234-4044

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