Dollar General NNN Retail
2240 Lake City Highway, Clinton, TN 37716
For Sale
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A freestanding discount store is leased under an absolute NNN agreement through January 2033.
Property Size9,100 SF
Lot Size3.36 Acres
Price / SF$130.24
Days on Market35
Property Features for 2240 Lake City Highway
General Information
Standard status
Size
Lot size
Property subtype
Financials
Asking Price
Cap Rate
Gross Income
Additional Details
Tenant in Place
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Marcus & Millichap
Listed By:
Daniel Hurd · License #FL SL3301193
Source:
Crexi
Added: Oct 6
Changed: Nov 8
Last Checked: Nov 8 at 5:48PM
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 Marcus & Millichap
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Investment Insights
Based on property information with market context.
At 2240 Lake City Highway, this Dollar General store contains 9,100 square feet on approximately 3.36 acres. Completed in 2018, the retail property is occupied under an absolute NNN lease with an expiration date of January 31, 2033. The lease carries a 7.25% capitalization rate.
The offering may be acquired on its own or with two other Dollar General properties: one at 151 Ruggs Circle in Farmerville, Louisiana, and another at 15066 Highway 9 in Athens, Louisiana.
The offering may be acquired on its own or with two other Dollar General properties: one at 151 Ruggs Circle in Farmerville, Louisiana, and another at 15066 Highway 9 in Athens, Louisiana.
Key Highlights
- 9,100‑square‑foot Dollar General store
- Approximately 3.36 acres
- Built in 2018
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
4,208 visits/mo
0.1 miles
Demographics for 37716, TN
25,920
Population
11,461
Households
2.3
Avg Household Size
44
Median Age
20%
College-Educated
94%
High-School Grad
83.5 sq mi
ZIP Area
310
Density / Sq Mi
$61,250
Median Household Income
$40,713
Median Earnings
$887
Median Rent
$220,500
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
NNN property - A freestanding discount store is leased under an absolute NNN agreement through January 2033.
Where is this nnn property located?
The property is located at 2240 Lake City Highway Clinton, TN.
What is the asking price?
The asking price for this property is $1,185,175.
What are key features of this property?
This property features: 9,100‑square‑foot Dollar General store; Approximately 3.36 acres; Built in 2018
