575 N Main St - Freestanding FOR SALE


Jellico, TN 37762
$1,671,542 USD
662-234-4044
575 N Main St, Jellico, TN for Sale
$1,671,542 USD
Freestanding - FOR SALE
1/4
null | 7.25% Cap Rate

575 N Main St
Jellico, TN 37762


HIGHLIGHTS

  • NN+ Single Tenant Investment Opportunity
  • 8+ Year Term Remaining with Four (4), Five(5) Year Options
  • DG Executed a rare early extension in 2022
  • 10% Increases Per Options
  • Corporate Guarantee by Dollar General Corporation

OVERVIEW

Randall Commercial Group, LLC is pleased to exclusively offer for sale this NN+*, freestanding Dollar General located in Jellico, TN. This store is a relo store, and Dollar General has not only exercised its first option but did an early extension of that option through November 30, 2031. Dollar General currently has approximately 8+ years remaining on the current term with four (4), five (5) year options remaining. The property is located along N. Main Street on the north side of Jellico, TN. Jellico is a city in Campbell County, TN, along the Tennessee/Kentucky border between Knoxville, TN and Lexington, KY. Jellico is included as part of the Knoxville MSA. Dollar General is an investment-grade tenant with a Standard & Poor’s “BBB” credit rating.

FOR SALE DETAILS

PRICE

$1,671,542 USD

PRICE/SF

$134 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,818 SF

ZONING

-

APN/PARCEL ID

004H-A-057.01

ASK ABOUT THIS PROPERTY

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

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

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

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