7592 Highway 63 Speedwell, TN 37870
NN investment property with stable income and national credit tenant.
Property size:
9,100 SFProperty Features for 7592 Highway 63
General Information
- Size
- 9,100 SF
Building Details
- Year built
- 2016
Source:
Naiglobal
Listing Agent: Daniel Miller
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Freestanding Dollar General Investment Opportunity
This is a freestanding Dollar General property situated on a large lot of approximately 1.35 acres. The lease has approximately 6+ years remaining and is Double Net (NN) with minimal Landlord responsibilities, limited to just roof and structure. The store has been serving the Speedwell and adjacent communities with essential goods since 2016. The property is being offered at an 8.00% Cap Rate. The property is a build-to-suit, classic, Dollar General. There are five (5) 5-year options with a 10% increase at each option period. The lease has approximately 4 years remaining on the lease term, with an expiration date of April 30, 2029. Dollar General provides a corporate guarantee (NYSE: DG). Speedwell, Tennessee, is an unincorporated community located in Claiborne County, approximately 55 miles from Knoxville, near the Cumberland Gap National Historical Park and the Powell River. Tennessee is an income tax-free state. The property provides stable income with a National Investment Credit Tenant. The property size is 9,100 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Location Insight
- Map
- Local Demand
- City
- Speedwell
- County
- Claiborne
- State
- Tennessee
- Longitude
- -83.87712
- Latitude
- 36.461933
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FAQs
What type of property is this?
Grocery and convenience store - NN investment property with stable income and national credit tenant.
Where is this grocery and convenience store located?
The property is located at 7592 Highway 63 Speedwell, TN.
What is the asking price?
The asking price for this property is $1,271,000.
What are key features of this property?
This property features: - Attractive 8.00% Cap Rate provides a stabilized income stream.; - Dollar General Corporate Guarantee (NYSE: DG) ensures financial stability.; - Approximately 6+ years remaining on the lease term, expiring April 30, 2029.