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    Freestanding Dollar General Store Title is generated by Realmo AI

    106 W Race St, Kingston, TN 37763

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    Claim this Listing
    For Sale
    $2,500,000

    Single tenant Dollar General on hard signalized corner.

    Type:Retail
    Property size:
    9,600 SF
    Lot size:
    1.08 Acres
    Price / SF:
    $260/SF
    Added:
    Mar 6, 2026
    Days on Market:
    120
    Last Refresh:
    Apr 5 at 10:10 pm

    Property Features for 106 W Race St

    General Information

    Standard status
    Active
    Size
    9,600 SF
    Lot size
    1.08 Acres
    Property subtype
    Retail

    Building Details

    Year Built
    1996

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    Leandra Marcus
    Leandra Marcus

    Listing office Legacy Real Estate Advisors

    Listing date Mar 6, 2026

    Source Legacycrea

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Legacy Real Estate Advisors

    HighLights

    • Corporate Guaranteed Lease - S&P's Rated 'BBB'
    • Single Tenant Freestanding Dollar General
    • NN Lease Structure - Minimal Landlord Responsibilities
    • Situated on the hard signalized corner of West Race St & North Kentucky St - seeing a combined 19,600+ VPD
    • Essential Retailer - Internet, Recession, & Pandemic Proof
    • 9,600 Square Foot Building on 1.08 Acres of Land

    Overview

    This is a 9,600 square foot freestanding Dollar General store situated on 1.08 acres of land. The property is located on the hard signalized corner of West Race Street and North Kentucky Street, which sees a combined traffic count of over 19,600 vehicles per day. The surrounding area has a population exceeding 2,630 people within a 1-mile radius. The property is within walking distance of Roane County High School, which has over 700 students enrolled. The lease is corporate guaranteed with S&P's rated 'BBB'. The lease structure is NN, offering minimal landlord responsibilities. Located in an income tax free state, this essential retailer is internet, recession, and pandemic proof.

    Local Financial Insights For Specialty Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $224.6k $23.40
    − Vacancy −$10.1k −$1.05
    EGI $214.5k $22.35
    − OpEx −$53.6k −$5.59
    NOI $160.9k $16.76
    9,600 SF · lease $23.40/SF/yr · vacancy 4.50% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $2.30M
    $2.01M – $2.68M (±1% cap)
    NOI $160,898 @ 7.0% cap · market cap 6.44%
    Second Best
    Retail
    $1.97M
    $1.72M – $2.30M (±1% cap)
    NOI $137,894 @ 7.0% cap · market cap 5.52%
    Theoretical Best
    Office A
    $2.38M
    $2.08M – $2.77M (±1% cap)
    NOI $166,441 @ 7.0% cap · market cap 6.66%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    higi Physician Dollar General Discount Store Tara N. Scroggins, ... Pharmacy Joshi Rushabh R Pharmacy Michelle P. McCullough, ... Pharmacy

    Suggested Use

    Bar & Pub HVAC Service Grocery & Convenience Store Cafe & Coffee Shop Building Supply Electronics & Wireless Store Nursing Home Nursing Home Travel Agency (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kingston
    County
    Roane
    State
    Tennessee
    Longitude
    -84.5158
    Latitude
    35.8713

    FAQs

    What type of property is this?
    Grocery and convenience store - Single tenant Dollar General on hard signalized corner.
    Where is this grocery and convenience store located?
    The property is located at 106 W Race St Kingston, TN.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Corporate Guaranteed Lease - S&P's Rated 'BBB'; Single Tenant Freestanding Dollar General; NN Lease Structure - Minimal Landlord Responsibilities
    More about this property
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