Dollar General Investment
For Sale
Contact for pricing
2258 Springvale Rd, Morristown, TN 37813
NNN leased Dollar General store in Morristown, Tennessee for sale.
Property Size9,026 SF
Price / SF$114.11
Days on Market180
Property Features for 2258 Springvale Rd
General Information
Standard status
Active
Size
9,026 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$77,250
Building Details
Year Built
2015
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Fortis Net Lease
(248) 419-3810
Listed By:
Bryan Bender · License #MI 6501319610
Source:
Crexi
Added: Feb 12
Changed: Aug 7
Last Checked: Aug 11 at 6:10PM
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 Fortis Net Lease
Investment Insights
Based on property information with market context.
This 9,026 square foot Dollar General store is located in Morristown, Tennessee. The property is under a Fifteen (15) Year Absolute NNN Lease, with zero landlord responsibilities. There are 5 (5-year) options to renew, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar General Corporation, which holds a credit rating of “BBB”, classified as Investment Grade. Originally opened in 2016, the store continues to perform exceptionally well. The Dollar General is positioned on the corner of Enka Hwy and Springvale Rd, with a traffic count of over 9,000 cars per day. The five-mile population from the site is 35,254, and the five-mile average household income is $61,118 per year. The 1-mile population growth rate is 3%. This property is an ideal opportunity for a 1031 exchange buyer or a passive investor to attain the fee simple ownership of a Dollar General. The investment offers continued success due to the financial strength and the proven profitability of the tenant.
Key Highlights
- 15‑Year Absolute NNN Lease with zero landlord responsibilities.
- Corporately guaranteed by Dollar General Corporation (Credit Rating: BBB - Investment Grade).
- Located on a highly visible corner with high traffic count (9,000 cars per day).**
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 37813, TN
18,030
Population
7,492
Households
2.4
Avg Household Size
37
Median Age
15%
College-Educated
84%
High-School Grad
58.0 sq mi
ZIP Area
311
Density / Sq Mi
$47,783
Median Household Income
$34,827
Median Earnings
$813
Median Rent
$158,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - NNN leased Dollar General store in Morristown, Tennessee for sale.
Where is this grocery and convenience store located?
The property is located at 2258 Springvale Rd Morristown, TN.
What is the asking price?
The asking price for this property is $1,030,000.
What are key features of this property?
This property features: 15‑Year Absolute NNN Lease with zero landlord responsibilities.; Corporately guaranteed by Dollar General Corporation (Credit Rating: BBB - Investment Grade).; Located on a highly visible corner with high traffic count (9,000 cars per day).**
