210 Majors Blvd - Freestanding FOR SALE


Lynchburg, TN 37352
$1,100,000 USD
865-705-8675
210 Majors Blvd, Lynchburg, TN for Sale
$1,100,000 USD
Freestanding - FOR SALE
1/3
null | 7.46% Cap Rate

210 Majors Blvd
Lynchburg, TN 37352


HIGHLIGHTS

  • Perfect 1031 in Tax-Free State
  • 7.46% Cap Rate on current rents
  • Absolute Net Lease – No landlord responsibilities
  • Close to the Jack Daniel’s Distillery Visitor Center
  • Very attractive Plus size relocation store in strong market built in 2015
  • 5.5 years remaining on the current lease term. Tenant then has (3) 5-Year Optional Extension Terms, each with 10% increase

OVERVIEW

Perfect 1031 in a Tax-Free State! Ideal investment for an out-of-state investor. Absolute NNN Dollar General Plus store with Corporate Guarantee. No landlord responsibilities. 5.5 years remaining on the current 15-year lease. 7.46% cap rate on current rent. Very attractive relocation store built in 2015 and just down the street from the very popular Jack Daniel’s Distillery Visitor Center. Tenant has (3) 5-Year Optional Extension Terms, each with 10% increases. Lynchburg is part of the Tullahoma-Manchester micropolitan statistical area, which includes Moore County, where Lynchburg is the county seat.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$103 USD /SF

CAP RATE

7.46%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,658 SF

ZONING

-

APN/PARCEL ID

031E-B-008.00

ASK ABOUT THIS PROPERTY

Steve GoldmanGoldman Partners Realty, LLCMore Info
865-705-8675

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

Steve GoldmanGoldman Partners Realty, LLCMore Info
865-705-8675

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