1715 Morgan County Hwy - Storefront FOR SALE
Wartburg, TN 37887 |
$1,180,000 USD
954-703-3602
1715 Morgan County Hwy
Wartburg, TN 37887
HIGHLIGHTS
- 6+ Years Remaining | Scheduled 10% Rent Escalations | Renewal Options | Corporate Tenant (NYSE: DG | S&P: BBB)
- Absolute NNN Lease | Passive, Management-Free Ownership
- Excellent Visibility And Accessibility From State Highway 27
- Affluent Local Demographics | Strong Purchasing Power
- Strong Rural Market Coverage | Proximity To Numerous State Parks |High-Performing Essential Retail Location | Knoxville MSA
OVERVIEW
• Over 6 year remaining on the primary lease term with 3 (5-Year) options to renew
• Scheduled 10% rent escalations every 5 years increase NOI and provide a reliable hedge against Inflation
• The tenant, Dolgencorp, LLC, is a wholly owned subsidiary of Dollar General Corporation (NYSE: DG), an investment-grade (S&P: BBB), nationally recognized discount retailer with over 20,580 locations nationwide as of May 2025
FOR SALE DETAILS
PRICE
$1,180,000 USD
PRICE/SF
$131 USD /SF
CAP RATE
7.05%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Dollar General
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2017
SPRINKLERS
-
PARKING SPACES
26
LAND DETAILS
LAND ACRES
1.93 AC
LAND SF
84,071 SF
ZONING
Unzoned
APN/PARCEL ID
129-003.00
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954-703-3602
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954-703-3602
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