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DOLLAR GENERAL | ALLONS, TENNESSEE

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
Three (3) - Five (5) Year
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

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