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Dollar General 825 Cheri 10,566 SF Retail Building Whitwell, TN 37397 $2,011,851 CAD ($190.41 CAD/SF) 6.85% Cap Rate
Investment Highlights
- Newly constructed in 2022
- Situated near Chattanooga, TN
- Larger store design (+/-10,566 sq. ft.)
- Lease backed by Dollar General Corporation (NYSE:DG)
Executive Summary
Great opportunity for an investor to pick up a low priced Dollar General that has over 10 years remaining on their original 15 year corporate backed lease. The lease is absolute NNN with 10% fixed rent increases at the beginning of each 5 year lease option. Tenant only paying monthly rent of $.79/sq. ft. NNN.
Dollar General had this store constructed in 2022 to service the Victoria area of Whitwell that is situated just 25 minutes from downtown Chattanooga, Tennessee.
Dollar General had this store constructed in 2022 to service the Victoria area of Whitwell that is situated just 25 minutes from downtown Chattanooga, Tennessee.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
10,566 SF
Year Built
2022
Price
$2,011,851 CAD
Price Per SF
$190.41 CAD
Cap Rate
6.85%
NOI
$137,798 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.78 AC
Amenities
- Corner Lot
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Dollar General began in 1939 as a wholesale venture and later opened its first store in 1955, growing into a discount retail business focused on everyday essentials. The company sells food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, paper products, and seasonal items, and it also offers products online. Dollar General operates as a broad neighborhood retail chain with a presence across the United States and Mexico, serving shoppers through convenient store formats and an e-commerce channel.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
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Dollar General | 825 Cheri
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