1275 E Highway 25 70 - Storefront FOR SALE


Dandridge, TN 37725
$1,525,000 USD
817-259-3519
1275 E Highway 25 70, Dandridge, TN for Sale
$1,525,000 USD
Storefront - FOR SALE
1/6
null | 5.99% Cap Rate

1275 E Highway 25 70
Dandridge, TN 37725


HIGHLIGHTS

  • Rare, highly upgraded, all-wood construction built in 2020
  • Nearly 11 years of remaining lease term
  • Placer.ai visitor tracking data ranks this store #4 out of 26 Dollar General stores in a 15-mile radius
  • Absolute triple net lease with no landlord responsibilities
  • Five-5-year renewal options with 10% increases
  • Tennessee is an income tax free state

OVERVIEW

Transwestern National Net Lease | Sale Leaseback Group is pleased to a rare, upgraded constructed, absolute triple net leased Dollar General at 1275 E. Highway 25 70, Dandridge, Tennessee. The initial term of the lease runs through July 31, 2035, with the tenant having five (5), 5-year options to renew with 10% rent increases each. Placer.ai visitor tracking data indicates this store ranks 4th out of 26 stores in visitor traffic in a 15-mile radius outperforming 88% of those stores; ranks 197th out of 905 stores, outperforming 78% of stores in the State of Tennessee; and ranks 4,722nd out 18,711 stores, outperforming 74% of all DG stores nationwide. The Property was completed in July 2020 with a new 15-year lease and was built with significantly upgraded all-wood construction (structure and façade), a highly unusual Dollar General upgraded store design (during construction photos are available). Structured as absolute triple net, this DG provides a truly passive investment opportunity for an investor with no landlord responsibilities. Dandridge, Tennessee is thirty miles east of Knoxville and is considered part of the Knoxville MSA. The property boasts a five-mile population of approximately 15,000 and a county-wide population of 54,000. As of August 2023, the Knoxville MSA had a population of 932,245, up from 905,831 in just three years from 2020 and up from 852,046 in 2013. Dandridge is the only town in the United States named after Martha Dandridge Washington, wife of our first President, George Washington. 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

$1,525,000 USD

PRICE/SF

$169 USD /SF

CAP RATE

5.99%

% 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

2020

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

49,998 SF

ZONING

COM

APN/PARCEL ID

059-069.05

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.