Dollar General NNN Property For Sale — Morristown, TN
2258 Springvale Road, Morristown, TN 37813
This Dollar General property offers an exceptional investment opportunity with a 15-year absolute NNN lease, ensuring zero landlord responsibilities. The lease includes five 5-year options to renew, each with a 10% rental increase. The lease is corporately guaranteed by Dollar General Corporation, an investment-grade rated company. Built in 2015, the store has a proven track record of strong performance. Strategically located on a hard corner with high traffic visibility, this property benefits from robust demographics, including a significant population and strong household income within a five-mile radius. The area is experiencing consistent population growth, making it an ideal location for a recession-resistant tenant like Dollar General. This offering is perfect for a 1031 exchange o…
- Address: 2258 Springvale Road, Morristown, TN 37813
- Asking price $1.25M
- 6.18% cap rate
- NOI $77,250
- 15 years remaining
- NNN lease
- Year built: 2015
- Building size: 9,026 SF
- Rent increases: 10% every 5 years
- Guarantor: Corporate
Location
This Dollar General property is at 2258 Springvale Road in Morristown, Tennessee.
Asset type: Retail