DOLLAR GENERAL | ALLONS, TENNESSEE
INVESTMENT SUMMARY
Purchase Price
$976,056
Location
150 Cedar Ln
Cap Rate
7.15%
Annual Rent
$69,788.04
Building Size
9,230 SF
Land Area
2.16 Acres
Ownership
Fee Simple
Lease Type
Absolute NNN
Term Remainning
6.75 Years
LEASE EXPIRATION
2/28/2033
Renewal Options
RENT INCREASES
10% at Options
Parking
31 Spaces
Year Built
2018
APN
027 067.00
Traffic Counts
6,338 VPD
INVESTMENT HIGHLIGHTS
DOLLAR GENERAL CORPORATE GUARANTEED LEASE:
- Approximately 6.75 Years of Guaranteed Lease Term Remaining (Lease Exp: February 2033)
- 2018 Construction - Build-to-Suit Dollar General
- 9,230 SF Building | 2.16 Acre Parcel
- Three (3) - Five (5) Year Option Periods at 10% Rent Increases
ABSOLUTE NNN LEASE:
- Absolute NNN Lease with ZERO Management Responsibilities
- Tenant Pays for ALL Operating Expenses, Insurance & Reimburses Property Taxes
UPGRADED CONSTRUCTION:
- Brick Front Facade
- Wide Frontage Building Layout
- Concrete Parking Lot
PROXIMITY FROM ALLONS, TN:
- Cookeville, TN | 24 Miles
- Lebanon, TN | 75 Miles
- Gallatin, TN | 78 Miles
- Murfreesboro, TN | 92 Miles
- Nashville, TN | 105 Miles
- Knoxville, TN | 111 Miles
- Chattanooga, TN | 117 Miles
- Franklin, TN | 121 Miles
TRADE AREA DEMOGRAPHICS:
- 1-Mile Population = 269 Residents | $62,308 Average Household Income
- 5-Mile Population = 7,401 Residents | $71,701 Average Household Income
- 10-Mile Population = 17,177 Residents | $74,150 Average Household Income
- 15-Mile Population = 34,555 Residents | $75,491 Average Household Income
TENANT:
- Strong Investment Grade Credit Rating of "BBB" by Standard & Poor's
- Ranked #112 on the Fortune 500 List
- 20,959 Stores in 48 States

