Dollar General
Single-Tenant Offerings
Dollar General
West Highway 25 & Fox and Hound Way
Newport (East of Knoxville), TN
- Price:
- $1,995,000
- Cap Rate:
- 5.17%
- NOI:
- $103,166
- Rentable SQFT:
- 10,640 SF
- Year Built:
- 2022
- Lot Size:
- 1.91 +/- Acres
- Lease Type:
- Absolute NNN
- Status:
- Available
Investment Highlights
- 15-Year Absolute NNN Lease, No Landlord Responsibilities
- Relocation of High-Performing Store, Proven Concept in the Trade Area
- 10% Increases Every 5 Years Beginning in Each Option Period
- Investment Grade Credit Tenant, Rated ‘BBB’ by S&P
- Dollar General is the Largest Retailer in the U.S. with 18,000+ Stores
- Classified Nationally as an Essential Retailer for Daily Shopping Needs
- Brand New 2022 Construction on Oversized Parcel
- Strategic Location, Nearest Dollar Store is Approximately 11 Miles Away
- Serving Over 36,000 Residents in Cocke County, 45 Miles East of Knoxville
- Highly Visible Along Major Artery, Direct Access to Downtown Knoxville
- Just Off I-40 with 30,777 Cars/Day, the 3rd Longest Highway in the U.S.
- Just North of the Great Smoky Mountains National Park with Over 14.1 Million Visitors Annually
- Close Proximity to Cherokee National Forest with Approximately 3 Million Visitors Annually
- Minutes to Douglas Lake with Over 1.7 Million Visitors Annually
- 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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