DOLLAR GENERAL | LEBANON, TENNESSEE
INVESTMENT SUMMARY
Purchase Price
$1,732,000
Location
10550 Murfreesboro Rd
Cap Rate
5.03%
Annual Rent
$87,072.00
Building Size
9,026 SF
Land Area
2.72 Acres
Ownership
Fee Simple
Lease Type
NNN
Term Remainning
11.5 Years
LEASE EXPIRATION
11/30/2033
Renewal Options
RENT INCREASES
10% at Options
Parking
37 Spaces
Year Built
2018
APN
095 157 07602 000 2022
Traffic Counts
5,126 VPD
INVESTMENT HIGHLIGHTS
DOLLAR GENERAL CORPORATE LEASE:
- 11.50 Years of Guaranteed Lease Term (Lease Exp: 11/30/2033)
- 2018 Build to Suit Construction
- Three (3) - Five (5) Year Option Periods with 10% Rental Increases
A TRUE COUPON CLIPPER | ABSOLUTE NNN LEASE:
- Absolute NNN Lease with ZERO Management Responsibilities
- Tenant Pays for ALL Operating Expenses, Insurance & Property Taxes
UPGRADED CONSTRUCTION:
- Three Sided Brick
- Concrete Parking Lot
PROXIMITY FROM LEBANON, TENNESSEE:
- Mt. Juliet, TN | 14 Miles
- Murfreesboro, TN | 26 Miles
- Nashville, TN | 31 Miles
- Brentwood, TN | 36 Miles
- Franklin, TN | 48 Miles
- Bowling Green, KY | 64 Miles
- Clarksville, TN | 78 Miles
- Chattanooga, TN | 130 Miles
- Knoxville, TN | 151 Miles
EXPLOSIVE POPULATION GROWTH:
- 1-Mile Annual Population Growth = 3.14% (15.78% Over the Next 5 Years)
- 3-Mile Annual Population Growth = 2.77% (13.88% Over the Next 5 Years)
- 5-Mile Annual Population Growth = 2.44% (12.21% Over the Next 5 Years)
- 7-Mile Annual Population Growth = 2.35% (11.79% Over the Next 5 Years)
TENANT:
- Strong Corporate Guaranty (NYSE: "DG") - Dollar General Corporation is Rated "BBB" by Standard & Poor's
- 18,190 Stores in 47 States as of February 25, 2022
- Ranked #91 on the Fortune 500 List