Dollar General
Single-Tenant Offerings
Dollar General
E 10th St.
Cookeville, TN
- Price:
- $2,065,000
- Cap Rate:
- 5.15%
- NOI:
- $106,352
- Rentable SQFT:
- 10,566 SF
- Year Built:
- 2022
- Lot Size:
- 1.22 +/- Acres
- Lease Type:
- Absolute NNN
- Status:
- Under Contract
Investment Highlights
- 15-Year Absolute NNN Lease
- Relocation of High-Performing Store Across the Street
- Brand New Upgraded Construction with Brick and Architectural Panels
- Investment Grade Credit Tenant, Rated ‘BBB’ by S&P
- 10% Increases Every 5 Years Beginning in Each Option Period
- Dollar General has Reported 32 Consecutive Quarters of Same-Store-Sales Growth
- Classified Nationally as an “Essential Retailer” for Daily Shopping Needs
- Serving Over 50,000 Residents in Growing Trade Area, Just East of Downtown Nashville
- Average Household Income Exceeds $85,900 in a 1-Mile Radius
- Highly Visible Along Major Artery with 15,000 Cars/Day, Easy Access to SR 111 with 20,111 Cars/Day
- 1.5 Miles to Tennessee Tech University with 11,000 Students and Surrounded by Several K-12 Schools with Over 6,000 Students
- Minutes to Cookeville Regional Medical Center with 2,647 Employees, Serving More Than 300,000 Residents in the Upper Cumberland Region of Middle Tennessee
- Strong Daytime Population, Over 27,500 Employees within a 5-Mile Radius
- Cookeville is a Regional Economic and Retail Hub for Several Counties in Tennessee and Extending Across the Kentucky StateLline
- Close Proximity to Cummins Falls State Park (State Park of the Year) and Burgess Falls State Park
- Situated in the Heart of the Appalachian Region where Tourism is the Fastest Growing Industry
- Tax Free State, No State Income Tax in Tennessee
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