527-531 W Hwy 64 Retail FOR SALE


Waynesboro, TN
$675,000 USD
310-980-5379
, Waynesboro, TN for Sale
$675,000 USD
Retail - FOR SALE
1/1
null | 7.7% Cap Rate

527-531 W Hwy 64
Waynesboro, TN


HIGHLIGHTS

  • Reduced Price.
  • A large section of the land located behind the store can potentially be sold separately or developed by the owner.
  • Excellent parking.
  • Easy Access and Excellent Exposure from Highway 64 West.

OVERVIEW

NAI Nashville Stanton Group in conjunction with NAI Capital Commercial are pleased to offer For Sale a Retail Strip Center, comprised of two separate buildings, anchored by Dollar General located at: 527 – 531 Highway 64 W, Waynesboro, Tennessee 38485. This retail strip center built in 1986, has had Dollar General as the anchor Tenant there since 1991. Through a series of multiple lease extension agreements of either 3- or 5-year terms they still occupy a major section of the premises and recently executed another Lease Extension Agreement that will extend their tenancy through 8/31/2028. This trend of DG consistently renewing their lease shows their loyal commitment to this site. The lease is guaranteed by Dollar General Corporation that operates over 19,000 stores across the United States. Please note the cap rate is effective upon the rent increase beginning 9/ 1/23.

ASK ABOUT THIS PROPERTY

Daniel MillerNAI CapitalMore Info
310-980-5379

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Daniel MillerNAI CapitalMore Info
310-980-5379

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