825 Cheri - Freestanding FOR SALE


Whitwell, TN 37397
$1,460,000 USD
650-279-5790
825 Cheri, Whitwell, TN for Sale
$1,460,000 USD
Freestanding - FOR SALE
1/3
null | 6.85% Cap Rate

825 Cheri
Whitwell, TN 37397


HIGHLIGHTS

  • Newly constructed in 2022
  • Larger store design (+/-10,566 sq. ft.)
  • Situated near Chattanooga, TN
  • Lease backed by Dollar General Corporation (NYSE:DG)

OVERVIEW

Great opportunity for an investor to pick up a low priced Dollar General that has over 10 years remaining on their original 15 year corporate backed lease. The lease is absolute NNN with 10% fixed rent increases at the beginning of each 5 year lease option. Tenant only paying monthly rent of $.79/sq. ft. NNN. Dollar General had this store constructed in 2022 to service the Victoria area of Whitwell that is situated just 25 minutes from downtown Chattanooga, Tennessee.

FOR SALE DETAILS

PRICE

$1,460,000 USD

PRICE/SF

$138 USD /SF

CAP RATE

6.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.78 AC

LAND SF

77,537 SF

ZONING

-

APN/PARCEL ID

073D-A-023.00

ASK ABOUT THIS PROPERTY

Steve SauterMarcus & MillichapMore Info
650-279-5790

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Steve SauterMarcus & MillichapMore Info
650-279-5790

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