6040 Raleigh Millington Rd - Freestanding FOR SALE


Millington, TN 38053
$1,385,000 USD
772-236-7780
6040 Raleigh Millington Rd, Millington, TN for Sale
$1,385,000 USD
Freestanding - FOR SALE
1/7
null | 6.5% Cap Rate

6040 Raleigh Millington Rd
Millington, TN 38053


HIGHLIGHTS

  • 15 Years + (5) Five-Year Renewal Options Existing transferable roof warranty
  • Rent Growth: 3% Increase at Year 11 + 10% Escalations at Each Renewal
  • Transferable Roof Warranty
  • Bonus Opportunity: Adjacent 3.71 Acres Available for Development

OVERVIEW

An excellent opportunity to acquire a freestanding Dollar General in Millington, Tennessee. This property is secured by a 15-year double net (NN) lease with built-in rent growth, featuring a 3% increase beginning in year 11 and 10% escalations at each of the (5) five-year renewal options. Investors benefit from stable cash flow, predictable rent increases, and minimal landlord responsibilities. The asset consists of a 9,348 SF building on a 4.18-acre corner lot, located at the intersection of Raleigh Millington Road and Waverly Farms Road. The site enjoys visibility in a rural Tennessee corridor and sits in close proximity to a residential neighborhood. Surrounding retail includes a Marathon gas station, providing great consumer traffic to the area. This offering is further strengthened by an existing transferable roof warranty, adding long-term peace of mind. The investment is being offered at a 6.5% capitalization rate, making it an attractive option for investors seeking a balance of security and growth. Additionally, there is an adjacent 3.71-acre parcel available for separate purchase, offering a unique development opportunity for additional income potential or complementary uses.

FOR SALE DETAILS

PRICE

$1,385,000 USD

PRICE/SF

$148 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Dollar General | NN Lease Investment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.18 AC

LAND SF

182,081 SF

ZONING

CMU-1

APN/PARCEL ID

D0-137-0-0124

ASK ABOUT THIS PROPERTY

Matthew MondoJeremiah Baron & Co Commercial Real Estate, LLCMore Info
772-236-7780

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Matthew MondoJeremiah Baron & Co Commercial Real Estate, LLCMore Info
772-236-7780

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