Dollar General
Single-Tenant Offerings
Dollar General
Spencer Hwy.
Sparta, TN
- Price:
- $1,860,000
- Cap Rate:
- 6.85%
- NOI:
- $127,378
- Rentable SQFT:
- 10,640 SF
- Year Built:
- 2024
- Lease Type:
- Absolute NNN
- Status:
- Under Contract
Investment Highlights
- 15-Year Modified NNN Lease, Landlord Only Responsible for Maintaining/Replacement of Access Driveway
- 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 on an Oversized Parcel
- Serving Over 28,000 Residents in a Growing Trade Area, Centrally Located Between Nashville and Knoxville
- Highly Visible Along a Major North/South Artery with Direct Access to Downtown Chattanooga
- Minutes to White County High School (1,100 Students), White County Middle School (810 Students), and Woodland Park Elementary School (549 Students)
- Strong Daytime Population, More Than 5,000 Employees in the Immediate Trade Area
- Close Proximity to Fall Creek Falls State Park, Edgar Evins State Park, and Cummins 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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