1221 Lynn Garden Dr - Freestanding FOR SALE


Kingsport, TN 37665
$2,651,393 USD
662-234-4044
1221 Lynn Garden Dr, Kingsport, TN for Sale
$2,651,393 USD
Freestanding - FOR SALE
1/2
null | 6.25% Cap Rate

1221 Lynn Garden Dr
Kingsport, TN 37665


HIGHLIGHTS

  • NNN Single Tenant Investment Opportunity
  • Located in the Kingsport-Johnson City-Bristol MSA
  • 15-Year Lease with Five (5), Five (5) Year Options
  • 5% 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 store located in Kingsport, TN. The subject property has a 15-year NNN lease with 5% increases every 5 years during the primary term and each option, and a lease commencement date of May 31, 2024. Kingsport, TN is part of the Kingsport-Johnson City-Bristol MSA, one of the premier locations for growth in a state characterized by a continuous influx of new residents from across the country, and Kingsport was ranked #7 by Redfin as one of the fastest-growing cities in the state. Dollar General is an investment-grade tenant with a Standard & Poor’s “BBB” credit rating.

FOR SALE DETAILS

PRICE

$2,651,393 USD

PRICE/SF

$252 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

DG Market | Kingsport, TN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

50,094 SF

ZONING

-

APN/PARCEL ID

-

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.