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DOLLAR GENERAL | CAMDEN, TENNESSEE

Purchase Price
$989,028
Location
380 Lodge Rd
Cap Rate
7.00%
Annual Rent
$69,231.96
Building Size
9,100 SF
Land Area
1.92 Acres
Ownership
Fee Simple
Lease Type
Absolute NNN
Term Remainning
8.25 Years
LEASE EXPIRATION
7/31/2034
Renewal Options
Three (3) - Five (5) Year
RENT INCREASES
10% at Options
Parking
31 Spaces
Year Built
2019
APN
0.71-017.01
Traffic Counts
1,161 VPD

INVESTMENT HIGHLIGHTS

 

DOLLAR GENERAL CORPORATE GUARANTEED LEASE:

  • Approximately 8.25 Years Remaining in the Initial 15 Year Lease Term (Lease Exp: 07/31/2034)
  • 2019 Construction - Build-to-Suit Dollar General
  • 9,100 SF Building | 1.92 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
 

PROXIMITY FROM CAMDEN, TN:

  • Clarksville, TN | 65 Miles
  • Franklin, TN | 79 Miles
  • Nashville, TN | 94 Miles
  • Goodlettsville, TN | 105 Miles
  • Chattanooga, TN | 221 Miles
  • Knoxville, TN | 272 Miles
 

TRADE AREA DEMOGRAPHICS:

  • 1-Mile Population = 425 Residents | $72,804 Average Household Income
  • 3-Mile Population = 1,678 Residents | $72,411 Average Household Income
  • 5-Mile Population = 6,163 Residents | $73,921 Average Household Income
  • 7-Mile Population = 11,427 Residents | $78,244 Average Household Income
  • 10-Mile Population = 15,351 Residents | $77,401 Average Household Income
  • 15-Mile Population = 30,883 Residents | $74,855 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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