4217 Highway 431 - Freestanding FOR SALE


Columbia, TN 38401
$969,013 USD
813-697-1255
4217 Highway 431, Columbia, TN for Sale
$969,013 USD
Freestanding - FOR SALE
1/7
null | 7.5% Cap Rate

4217 Highway 431
Columbia, TN 38401


HIGHLIGHTS

  • Long Term Tenant
  • Attractive Rent Increases
  • Zero Management Responsibilities
  • Investment Grade Credit
  • Strategic Location
  • Limited Competition

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a freestanding Dollar General investment property located at 4217 Highway 431 in Columbia, Tennessee (the “Property”). Constructed in 2015, Dollar General has 5 years remaining on their Triple Net Lease with three (3), 5-year renewal options. The lease features attractive 10% rent increases at the start of each renewal option. The Dollar General is located along US Highway 431, a primary north-south corridor that connects Columbia with surrounding rural communities. The Property is approximately eleven miles east of Downtown Columbia and offers convenient access to major regional routes including U.S. Route 31, U.S. Highway 412, and Interstate 65. Dollar General benefits from limited competition in the immediate area, with nearest dollar store, supermarket/grocery store, Walmart or pharmacy approximately 5 miles away. Columbia is situated in southern Middle Tennessee, approximately 45 miles south of Nashville, and serves as a key hub within the greater Nashville metropolitan area.

FOR SALE DETAILS

PRICE

$969,013 USD

PRICE/SF

$103 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.56 AC

LAND SF

67,954 SF

ZONING

C-1

APN/PARCEL ID

094-023.02

ASK ABOUT THIS PROPERTY

Chris KingHorvath & TremblayMore Info
813-697-1255

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Chris KingHorvath & TremblayMore Info
813-697-1255

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