7592 Highway 63 - Freestanding FOR SALE


Speedwell, TN 37870
$1,271,000 USD
310-980-5379
7592 Highway 63, Speedwell, TN for Sale
$1,271,000 USD
Freestanding - FOR SALE
1/1
null | 8% Cap Rate

7592 Highway 63
Speedwell, TN 37870


HIGHLIGHTS

  • Build-to-suit, classic Dollar General
  • Five (5) 5-Year Options with a 10% increase at each option period
  • Dollar General Corporate Guarantee (NYSE: DG)
  • Close to Cumberland Gap National Historical Park and the Powell River
  • Approximately 6+ years remaining on the lease term, expiration date is April 2, 2031
  • Tennessee is an income tax-free state

OVERVIEW

Property Overview This is an attractive, freestanding, Dollar General site on a large lot of approximately 1.35 acres. The lease has approximately 6+ years remaining and is Double Net (NN) with minimal Landlord responsibilities (limited to just roof and structure). This store has been servicing the Speedwell and adjacent communities with essential goods since 2016. This solid investment is being offered at an 8.00% Cap Rate, providing a Buyer with an attractive, stabilized income stream. Location Overview Speedwell, Tennessee is a small unincorporated community located in Claiborne County, in the northeastern part of the state. Approximately 55 miles from Knoxville, it is near the Cumberland Gap, a historic mountain pass that played a significant role in early American westward expansion.

FOR SALE DETAILS

PRICE

$1,271,000 USD

PRICE/SF

$140 USD /SF

CAP RATE

8%

% 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

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.35 AC

LAND SF

58,806 SF

ZONING

-

APN/PARCEL ID

089-021.03

ASK ABOUT THIS PROPERTY

Daniel MillerNAI CapitalMore Info
310-980-5379

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

Daniel MillerNAI CapitalMore Info
310-980-5379

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