DOLLAR GENERAL | MANCHESTER, TENNESSEE



INVESTMENT SUMMARY

Purchase Price
$1,864,607

Location
215 Woodbury Hwy

Cap Rate
5.10%

Annual Rent
$95,094.96

Building Size
9,100 SF

Land Area
1.43 Acres

Ownership
Fee Simple

Lease Type
Absolute NNN

Term Remainning
14.5 Years

LEASE EXPIRATION
02/29/2036

Renewal Options

RENT INCREASES
10% at Options

Parking
32 Spaces

Year Built
2021

APN
067P D 005.1

Traffic Counts
9,574 VPD
INVESTMENT HIGHLIGHTS
DOLLAR GENERAL CORPORATE LEASE:
- Approximately 14.5 Years Remaining in the Initial 15 Year Lease Term
- 2021 Build to Suit Construction - 9,100 SF
- Five (5) - Five (5) Year Option Periods
- 10% Rental Increases in Option Periods
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:
- Corner Entry
- Wood Framed
- Brick Veneer
- Hardie Board
- Shutters
- Concrete Parking Lot
PROXIMITY FROM MANCHESTER, TENNESSEE:
- Murfreesboro, Tennessee | 33 Miles
- Smyrna, Tennessee | 46 Miles
- Nashville, Tennessee | 65 Miles
- Lebanon, Tennessee | 65 Miles
- Franklin, Tennessee | 68 Miles
- Goodlettsville, Tennessee | 76 Miles
- Clarksville, Tennessee | 112 Miles
TRADE AREA DEMOGRAPHICS:
- 1-Mile = 2,767 Residents; $50,805 Average Household Income
- 3-Mile = 14,331 Residents; $66,119 Average Household Income
- 5-Mile = 20,119 Residents; $69,406 Average Household Income
- 7-Mile = 26,339 Residents; $70,561 Average Household Income
TENANT:
- Dollar General (NYSE: DG) Features Investment Grade Credit "BBB" by Standard & Poor's
- 17,683 Stores in 46 States as of July 30, 2021
- Dollar General Achieved Their 31st Consecutive Year of Positive Same-Store Sales Growth in 2020
- Ranked #91 on the Fortune 500 List - Up 21 Spots from Last Year (Dollar General has Moved Up the Fortune 500 Rankings for 12 Consecutive Years)