DOLLAR GENERAL | MANCHESTER, TENNESSEE

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
Five (5) - Five (5) Year
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)

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