Dollar General
Single-Tenant Offerings
Dollar General
Edwina Rd. (S.R. 73) & Dixie Hwy. (US 25)
Newport, TN
- Price:
- $2,047,000
- Cap Rate:
- 6.00%
- NOI:
- $122,832
- Rentable SQFT:
- 10,696 SF
- Year Built:
- 2023
- Lot Size:
- 1.44 +/- Acres
- Lease Type:
- Absolute NNN
- Status:
- Available
Investment Highlights
- 15-Year Absolute NNN Lease, No Landlord Responsibilities
- Rare 5% Rental Increases Every 5 Years Throughout the Base Term and Options
- Investment Grade Credit Tenant, Rated ‘BBB’ by S&P
- Dollar General is the Nation’s Largest Retailer with 19,000+ Stores
- Classified Nationally as an Essential Retailer for Daily Shopping Needs
- Brand New 2023 Construction, Oversized Parcel
- Serving Over 27,000 Residents in Growing Knoxville Suburb
- Highly Visible Along Major East/West Artery with Direct Access to Downtown Knoxville
- Down the Street from Newport Medical Center with Over 80,000 Patient Visits in 2022
- 1.5 Miles to Cocke County High School with 1,177 Students
- Just North of the Great Smoky Mountains with Over 14.1 Million Visitors Annually
- Close Proximity to Cherokee National Forest (Over 2 Million Visitors/Year) and Douglas Lake (Over 1.7 Million Visitors/Year)
- 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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