8021 Austin Peay Hwy - Freestanding FOR SALE


Millington, TN 38053
$1,350,000 USD
772-236-7780
8021 Austin Peay Hwy, Millington, TN for Sale
$1,350,000 USD
Freestanding - FOR SALE
1/5
null | 6.26% Cap Rate

8021 Austin Peay Hwy
Millington, TN 38053


HIGHLIGHTS

  • [Long-Term Stability] 15-Year Initial Term + (5) Five-Year Renewal Options
  • [Passive Investment] Double Net (NN) Lease Structure
  • [Strong Location] 9,348 SF on 3.24 Acres Along Austin Peay Highway

OVERVIEW

Presenting an opportunity to acquire a single-tenant Dollar General property located at 8021 Austin Peay Highway in Millington, TN. The asset is secured by a 15-year double net (NN) lease with five (5) year renewal options, providing long-term stability and consistent cash flow. The property consists of a 9,238 square foot building situated on a 3.24-acre parcel, well positioned in a rural corridor of Tennessee. Neighboring tenants include Subway and a Shell gas station, further driving local and commuter traffic to the site. This investment features a 6.25% capitalization rate, making it a strong opportunity for investors seeking passive income backed by a nationally recognized credit tenant.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$146 USD /SF

CAP RATE

6.26%

% 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

3.24 AC

LAND SF

141,134 SF

ZONING

CMU-1

APN/PARCEL ID

D0-117-0-0360

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.