3106 Hartsville Pike - Freestanding FOR SALE


Castalian Springs, TN 37031
$1,548,666 USD
813-697-1255
3106 Hartsville Pike, Castalian Springs, TN for Sale
$1,548,666 USD
Freestanding - FOR SALE
1/6
null | 7.5% Cap Rate

3106 Hartsville Pike
Castalian Springs, TN 37031


HIGHLIGHTS

  • Attractive Rent Increases
  • Minimal Landlord Responsibilities
  • Investment Grade Credit
  • Limited Competition
  • Recession Resistant Tenant

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a freestanding Dollar General Market investment property located at 3106 Hartsville Pike in Castalian Springs, Tennessee (the “Property”). Dollar General Market has operated at the Property since 2010, and recently extended their lease demonstrating their commitment to the site and the market. Dollar General has 8+ years remaining on its double-net lease with two (2), 5-year renewal options. The lease features attractive 5.0% rent increases at the start of each renewal option. Dollar General Market is situated in an excellent location along Hartsville Pike (TN Route 25), the area’s primary commuter corridor. Dollar General Market offers an expanded food section within the store and is the main shopping destination serving Castalian Springs. Dollar General Market is 3-miles from US Highway 231, the primary north south roadway, and is positioned between Hartsville and Gallatin, which offers retail and dining amenities, schools and employment opportunities. Additionally, Dollar General Market is approximately 30-miles from Nashville.

FOR SALE DETAILS

PRICE

$1,548,666 USD

PRICE/SF

$124 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General Market

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

R1A

APN/PARCEL ID

110-033.00

ASK ABOUT THIS PROPERTY

Chris KingHorvath & TremblayMore Info
813-697-1255

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Chris KingHorvath & TremblayMore Info
813-697-1255

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