7896 Dalton SE pike - Freestanding FOR SALE


Cleveland, TN 37323
$2,502,384 USD
662-234-4044
7896 Dalton SE pike, Cleveland, TN for Sale
$2,502,384 USD
Freestanding - FOR SALE
1/3
null | 6.5% Cap Rate

7896 Dalton SE pike
Cleveland, TN 37323


HIGHLIGHTS

  • NNN Single Tenant Investment Opportunity
  • Located near Chattanooga, TN
  • 15-Year Lease with Three (3), Five (5) Year Options
  • 5% Rent Increases Every 5 Years During the Initial Term and Each Option
  • Corporate Guarantee by Dollar General Corporation

OVERVIEW

Randall Commercial Group, LLC is pleased to exclusively offer for sale this brand new, free-standing Dollar General store located in Cleveland, TN. The subject property has a 15-year, NNN lease with 5% increases every 5 years during the preliminary term and each option, and an estimated delivery date in October 2024. The property is located on Dalton Pike just south of the city of Cleveland and approximately 40 miles from downtown Chattanooga, TN. Dollar General is an investment-grade tenant with a Standard & Poor’s “BBB” credit rating.

FOR SALE DETAILS

PRICE

$2,502,384 USD

PRICE/SF

$235 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

DG Market | Cleveland, TN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

1.65 AC

LAND SF

71,874 SF

ZONING

-

APN/PARCEL ID

097-039.00

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.