DOLLAR GENERAL | LEBANON, TENNESSEE

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
Three (3) - Five (5) Year
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

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