Cap Rate
8.25%
Price Per SF
$76
Year Built
2004/2016/2023
Leasable Area
9,100 SF
Term Remaining
±6 YRS
NOI
$57,288
Property Type
Retail
INVESTMENT HIGHLIGHTS
- The building was remodeled in 2023 and currently has ±6 years remaining on the lease with three, 5-year options remaining.
- The property is located along the Cumberland River and services many local communities including the Intermont Heights Apartments and is centrally located along Highway 119 with ±9,286 VPD.
- Dollar General boasts an investment-grade credit rating of BBB (S&P) and a market cap of approximately $30 billion.
- Dollar General has already renewed the lease at this location, demonstrating commitment to the store.
- The landlord has ownership of the 0.55 AC fee simple tract where the building and parking spaces are located and an exclusive right to use a ±15,200 square foot adjacent tract for additional parking.
Broker of Record
- Kyle Matthews
- License No. 239410 (KY)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 1600 West End,
Ste. 1500 Nashville, TN 37203