Dollar General Market
Single-Tenant Offerings
Dollar General Market
Lumbardy Dr. & W Andrew Johnson Hwy.
Morristown (East of Knoxville), TN
- Price:
- $2,434,000
- Cap Rate:
- 6.50%
- NOI:
- $158,206
- Rentable SQFT:
- 12,687 SF
- Year Built:
- 2024
- Lot Size:
- 1.76 +/- 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
- Upgraded Market Store, Larger Format with Expanded Produce/Grocery Items
- 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 45,495 Residents in a Growing Trade Area
- Hard Corner Location Along Major East/West Artery with 37,763 Cars/Day, Direct Access to Knoxville and Johnson City
- Retail Hub, Down the Street from Walmart, Home Depot, Lowe’s, Rural King, Ollie’s, Tractor Supply and Many More
- 1 Mile to Morristown-Hamblen Healthcare Medical Campus with 716 Employees, Serving Eight Counties in Eastern Tennessee
- Minutes to Walters State Community College with 7,000 Students
- Strong Daytime Population, More Than 18,800 Employees in Primary Trade Area
- Just North of the Great Smoky Mountains National Park (14.1+ Million Vistors/Year) and Just South of the Cherokee Reservoir (2.5 Million Visitors/Year)
- 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 Gain 3,000 Jobs by 2024
- Tax Free State, No State Income Tax in Tennessee
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