Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Leased Dollar General Market (NNN) Title is generated by Realmo AI

    40 Hickory Ridge Lane, Hartsville, TN 37074

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Absolute NNN leased Dollar General Market offering an enhanced grocery format with produce, refrigerated and frozen foods.

    Type:Retail
    Property size:
    12,687 SF
    Price / SF:
    $125/SF
    Added:
    May 27, 2026
    Days on Market:
    11
    Last Refresh:
    Jun 6 at 2:23 am

    Property Features for 40 Hickory Ridge Lane

    General Information

    Standard status
    Active
    Size
    12,687 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2022

    We can help!

    Listing Contact
    Steve Sagmani
    Steve Sagmani

    Listing agent Steve Sagmani License #MI 6502426558

    Listing office Exclusive Realty

    Listing date May 27, 2026

    Source Crexi

    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 Exclusive Realty

    HighLights

    • 2022‑built Dollar General Market property in Hartsville (Trousdale County)
    • Absolute NNN leased to Dollar General Market
    • Tenant offering enhanced grocery format with produce plus refrigerated and frozen foods
    • Expanded selection of everyday essentials in addition to traditional general merchandise

    Overview

    This offering is an Absolute NNN leased Dollar General Market property in Hartsville, Tennessee. The asset is presented as an investment with a nationally recognized tenant and a grocery-focused format that includes fresh produce, refrigerated and frozen foods, and an expanded selection of everyday essentials in addition to traditional general merchandise.

    The property is located at 40 Hickory Ridge Lane in Trousdale County. Hartsville is described as the county seat and a commercial hub for surrounding rural communities in Middle Tennessee.

    For investors seeking a single-tenant retail NNN structure, this Dollar General Market arrangement provides a straightforward, operator-backed use case centered on convenient grocery and value-oriented everyday needs. Dollar General continues to expand the Market concept, and the tenant’s footprint is described as more than 19,000 locations nationwide. The seller’s positioning emphasizes an Absolute NNN framework intended to keep landlord responsibilities minimal, supporting a hands-off ownership approach.
    Location Intelligence

    Current Use by Public Records

    DG Market Grocery & Convenience Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Big Box & Wholesale Store Pharmacy Department Store Food Market Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Hartsville
    County
    Trousdale
    State
    Tennessee
    Longitude
    -86.147442
    Latitude
    36.392826

    Nearby Similar for Sale

    • $339,000
      2,445 SF

      Hartsville Office Building with Detached Space

      All-brick office building with detached space in Hartsville, Tennessee.
      779 McMurry Blvd E, Hartsville, TN 37074
      View Details
    • $300,000
      1,821 SF

      Commercial Property For Sale

      Commercial property available for purchase, sold as-is.
      225 Broadway, Hartsville, TN 37074
      View Details
    • Contact for pricing
      11,884 SF

      Hartsville Commercial Complex Auction

      Commercial complex in Hartsville, TN, to be sold at auction.
      213 Broadway, Hartsville, TN 37074
      View Details

    FAQs

    What type of property is this?
    NNN property - Absolute NNN leased Dollar General Market offering an enhanced grocery format with produce, refrigerated and frozen foods.
    Where is this nnn property located?
    The property is located at 40 Hickory Ridge Lane Hartsville, TN.
    What is the asking price?
    The asking price for this property is $1,586,859.
    What are key features of this property?
    This property features: 2022‑built Dollar General Market property in Hartsville (Trousdale County); Absolute NNN leased to Dollar General Market; Tenant offering enhanced grocery format with produce plus refrigerated and frozen foods
    (248) 833-6601 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Steve Sagmani
    Steve Sagmani
    Real Estate License ID: MI 6502426558
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    40 Hickory Ridge Lane, Hartsville, TN 37074
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!