Dollar General Market
Single-Tenant Offerings
Dollar General Market
Kingston Hwy & Ladd Wright Rd.
Kingston (West of Knoxville), TN
- Price:
- $2,195,000
- Cap Rate:
- 6.50%
- NOI:
- $142,658
- Rentable SQFT:
- 12,668 SF
- Year Built:
- 2023
- Lot Size:
- 0.98 +/- 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 Offerings
- 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 54,000 Residents in Roane County, 33 Miles West of Downtown Knoxville
- Strategic Location, Closest Dollar General Market Store is Over 9 Miles Away
- Average Household Income Exceeds $78,000 within 3 Miles
- Hard Corner Location, Highly Visible Along Major East/West Artery with Direct Access to Knoxville and Nashville
- Surrounded by Several K-12 Schools with Approximately 3,000 Students
- Just West of the Great Smoky Mountains (14+ Million Visitors/Year) and Nantahala National Forest (2.5+ Million Visitors/Year)
- Close Proximity to Fall Creek Falls State Park, Cumberland Trail State Park, Frozen Head State Park, and Lone Mountain State Forest
- 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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