1127 State St - Freestanding FOR SALE
White Pine, TN 37890 |
$750,000 USD
1127 State St
White Pine, TN 37890
HIGHLIGHTS
- Recent Early Lease Extension demonstrating the tenant’s commitment to the site; 6+ Years of Primary Lease Term Remaining
- Dollar General Corporate Guaranty; S&P Investment Grade Credit “BBB”; 20+ years of successful operating history
- Steady population growth in Morristown and surrounding areas, driving demand for retail; Driven by manufacturing, healthcare, and education sectors
- Situated near major highways, attracting shoppers from nearby towns and increasing foot traffic; Presence of national retail chains
- Tennessee's business-friendly tax policies enhance overall return on investment; Zero Income Tax State
FOR SALE DETAILS
PRICE
$750,000 USD
PRICE/SF
$92 USD /SF
CAP RATE
7.13%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
STNL Dollar General
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Convenience Store, Storefront, Supermarket
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2003
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2.3 AC
LAND SF
100,188 SF
ZONING
C-2
APN/PARCEL ID
028J-B-010.00
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