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3632 Jim Cummings Hwy
Woodbury, TN 37190
Commerce de détail Propriété À vendre
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Faits saillants de l'investissement
- Absolute triple net (NNN) lease with zero landlord responsibilities
- Three additional five-year renewal options with 10% rent increases
- Built to suit in 2012 with a durable brick facade and concrete parking lot
- Growing Middle Tennessee location within the Nashville MSA
- Direct frontage along Jim Cummings Highway (US 70S) with ±6,278 VPD
- Corporate guaranteed lease to Dollar General (NYSE: DG)
Résumé de l'annonce
AMC Real Estate Investment Services is pleased to present for sale the single tenant Dollar General at 3632 Jim Cummings Highway in Woodbury, Tennessee. This 9,100 square foot property is fully leased to Dollar General (NYSE: DG), an investment grade (S&P: BBB) Fortune 500 retailer, on an absolute NNN lease that places all responsibility for taxes, insurance, and maintenance on the tenant, delivering a completely hands off income stream ideal for a passive, out of state, or 1031 exchange buyer.
The lease offers in place NOI of $75,987 at a 7.60% cap rate, with three (3) five-year renewal options carrying 10% rent increases at each, providing built in income growth. Dollar General has operated at this location since 2012, demonstrating long term commitment to the site.
The property sits along Jim Cummings Highway (US 70S) with direct frontage and ±6,278 VPD, serving as the primary retail node for the Woodbury and Cannon County trade area. Woodbury is the county seat of Cannon County and lies within the Nashville MSA, one of the fastest growing metropolitan areas in the country, within commuting distance of Murfreesboro and Nashville.
This is a stabilized, single tenant net leased asset backed by an essential, recession resilient retailer in a growing Middle Tennessee market. Supported by predictable cash flow, minimal management, and strong tenant fundamentals, the property offers long term stability well suited for ownership consideration.
The lease offers in place NOI of $75,987 at a 7.60% cap rate, with three (3) five-year renewal options carrying 10% rent increases at each, providing built in income growth. Dollar General has operated at this location since 2012, demonstrating long term commitment to the site.
The property sits along Jim Cummings Highway (US 70S) with direct frontage and ±6,278 VPD, serving as the primary retail node for the Woodbury and Cannon County trade area. Woodbury is the county seat of Cannon County and lies within the Nashville MSA, one of the fastest growing metropolitan areas in the country, within commuting distance of Murfreesboro and Nashville.
This is a stabilized, single tenant net leased asset backed by an essential, recession resilient retailer in a growing Middle Tennessee market. Supported by predictable cash flow, minimal management, and strong tenant fundamentals, the property offers long term stability well suited for ownership consideration.
Faits sur la propriété
Type de vente
Investissement
Condition de vente
1031 Échange
Type de propriété
Commerce de détail
Sous-type de propriété
Taille du bâtiment
9 100 pi²
Année de construction
1980
Prix
1 410 700 $ CAD
Prix par pi²
155,02 $ CAD
Taux de capitalisation
7,60%
Revenu net d’exploitation
107 195 $ CAD
Location
Unique
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,17
Taille du lot
1,20 AC
Zone de développement économique
Oui
Stationnement
40 places (4,4 places par 1 000 pi² loué)
Façade
128’ sur Jim Cummings Hwy
Commodités
- Enseigne sur pylône
Impôts fonciers
| Numéro de lot | 052-067.00 | Évaluation des bâtiments | 124 847 $ CAD |
| Évaluation du terrain | 45 460 $ CAD | Évaluation totale | 170 307 $ CAD |
Impôts fonciers
Numéro de lot
052-067.00
Évaluation du terrain
45 460 $ CAD
Évaluation des bâtiments
124 847 $ CAD
Évaluation totale
170 307 $ CAD
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