29492 State Route 108 - Freestanding FOR SALE


Gruetli Laager, TN 37339
$945,902 USD
812-320-8483
29492 State Route 108, Gruetli Laager, TN for Sale
$945,902 USD
Freestanding - FOR SALE
1/4
null | 8% Cap Rate

29492 State Route 108
Gruetli Laager, TN 37339


HIGHLIGHTS

  • ~5.5 Years Remaining on NN Lease with Corporate Guaranty | Four Five-Year Options with 10% Rental Increases at Each Option
  • Recession Resistant and E-Commerce-Proof Tenant | Pandemic Resistant – Considered an Essential Business
  • The Site was Built-to-Suit for Dollar General in 2010 | Foot Traffic has Increased YOY for the Last Three Years - See Agents for Details

OVERVIEW

~5.5 Years Remaining on NN Lease with Corporate Guaranty | Four Five-Year Options with 10% Rental Increases at Each Option Recession Resistant and E-Commerce-Proof Tenant | Pandemic Resistant – Considered an Essential Business The Site was Built-to-Suit for Dollar General in 2010 | Foot Traffic has Increased YOY for the Last Three Years | Strong Performer per Placer.ai – See Agents for Details Nearby Retailers Include Piggly Wiggly, Sanders Hardware, and a US Post Office | Nearest Dollar General is Nine Miles Away Strategically Located on TN Route 108 Between the Intersections of TN-108 and TN-56 and TN-399 | 50 Miles from the Chattanooga MSA with 588,050 Residents Tennessee is an Income Tax Free State Investment-Grade Tenant: Dollar General has a BBB Credit Rating (S&P) with over 20,000 Locations Across the United States | 2024 Revenues were $40.6 Billion | Dollar General is Ranked #111 on the Fortune 500 List

FOR SALE DETAILS

PRICE

$945,902 USD

PRICE/SF

$103 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

2010

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.94 AC

LAND SF

84,506 SF

ZONING

C

APN/PARCEL ID

062-067.03

ASK ABOUT THIS PROPERTY

Damien YoderMarcus & MillichapMore Info
812-320-8483

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Damien YoderMarcus & MillichapMore Info
812-320-8483

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