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DOLLAR GENERAL | SPRINGFIELD, TENNESSEE

Purchase Price
$1,580,191
Location
4223 Highway 49 W.
Cap Rate
5.75%
Annual Rent
$90,861.00
Building Size
9,002 SF
Land Area
1.40 Acres
Ownership
Fee Simple
Lease Type
Absolute NNN
Term Remainning
13 Years
LEASE EXPIRATION
03/31/2034
Renewal Options
Three (3) - Five (5) Year
RENT INCREASES
10% at Options
Parking
35 Spaces
Year Built
2019
APN
074101-12800
Traffic Counts
8,800 VPD

INVESTMENT HIGHLIGHTS

 

DOLLAR GENERAL CORPORATE LEASE:

  • Approximately 13 Years Remaining in the Initial 15 Year Lease Term
  • 2019 Construction - 9,002 SF
  • 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 | CORNER ENTRY:

  • Upgraded Construction - 3-Sided Brick
  • Corner Entry Layout/Design
  • Concrete Parking Lot
 

PROXIMITY TO OTHER MAJOR CITIES:

  • Goodlettsville, Tennessee | 16 Miles
  • Nashville, Tennessee | 28 Miles
  • Clarksville, Tennessee | 29 Miles
  • Murfreesboro, Tennessee | 59 Miles
  • Knoxville, Tennessee | 205 Miles
  • Memphis, Tennessee | 238 Miles
 

TRADE AREA DEMOGRAPHICS:

  • 1-Mile Population = 598 Residents
  • 1-Mile Average Household Income = $114,242
  • 3-Mile Population = 3,775 Residents
  • 3-Mile Average Household Income = $101,037
  • 5-Mile Population = 18,279 Residents
  • 5-Mile Average Household Income = $73,606
  • 7-Mile Population = 34,369 Residents
  • 7-Mile Average Household Income = $80,427
 

TENANT:

  • Dollar General (NYSE: DG) Features Investment Grade Credit "BBB" by Standard & Poor's
  • 17,426 Stores in 46 States as of April 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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