Dollar General
Single-Tenant Offerings
Dollar General
E. Morris Blvd.
Morristown, TN
- Price:
- $1,882,000
- Cap Rate:
- 6.05%
- NOI:
- $113,875
- Rentable SQFT:
- 10,566 SF
- Year Built:
- 2023
- Lot Size:
- 1.08 + /- Acres
- Lease Type:
- Absolute NNN
- Status:
- Available
Investment Highlights
- 15-Year Absolute NNN Lease, No Landlord Responsibilities
- 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 2023 Construction on Oversized Parcel
- Serving Over 52,000 Residents in Growing Trade Area, 45 Miles Northeast of Knoxville
- Highly Visible Along a Major East-West Artery, Easy Access to US-25E
- 2 Miles to Walters State Community College with 7,000 Students and 800 Employees
- Just North of the Great Smoky Mountains National Park (14.1+ Million Visitors/Year) and South of the Cherokee Reservoir (2.5 Million Visitors/Year)
- Close Proximity to Cherokee National Forest, Panther Creek State Park, and Chuck Swan State Forest with Over 3.3 Million Visitors Annually
- Situated in the Heart of the Appalachian Region where Tourism is the Fastest Growing Industry
- Morristown is One of the Largest Manufacturing and Industrial Hubs in the State, Projected to Gain 3,000 Jobs by 2024
- Strong Daytime Population, Over 20,000 Employees in Immediate Trade Area
- Surrounded by Several K-12 Schools, Over 11,000 Students in Hamblen County
- Tax Free State, No State Income Tax in Tennessee
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