19042 Highway 70 E - Freestanding FOR SALE


Rockwood, TN 37854
$1,997,253 USD
256-520-5000
19042 Highway 70 E, Rockwood, TN for Sale
$1,997,253 USD
Freestanding - FOR SALE
1/1
null | 6.7% Cap Rate

19042 Highway 70 E
Rockwood, TN 37854


HIGHLIGHTS

  • NEW LEASE! NNN! 5% rent increase every 5 years!
  • Tennessee NNN Dollar General!

OVERVIEW

I am pleased to bring to the market this NNN Dollar General store in Rockwood, TN! This store has the new lease! It is a 15 year initial term NNN lease with 5 - 5 year options with a 5% rent increase every 5 years. There are over 2,000 vehicles per day in front of the store. Rockwood, TN has over 5,000 people in the area. Rockwood is located NE Tennessee in between Crossville and Knoxville. The monthly rental income is $11,151.33. The yearly rental income is $133,815.96. 6.7% CAP. $1,997,253 Sales Price. This store opened December 2023. Contact me today for more information!

FOR SALE DETAILS

PRICE

$1,997,253 USD

PRICE/SF

$189 USD /SF

CAP RATE

6.7%

% 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

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7.25 AC

LAND SF

315,806 SF

ZONING

-

APN/PARCEL ID

168-029.00

ASK ABOUT THIS PROPERTY

Jonathan BroadwayLHT Commercial Real EstateMore Info
256-520-5000

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Jonathan BroadwayLHT Commercial Real EstateMore Info
256-520-5000

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