Newly Built Dollar General
791 Cheri Circle Whitwell, TN 37397
791 Cheri Circle, Whitwell, TN, 37397
Contact for pricing
For Sale
Contact for pricing
Pending
2022-built larger-format Dollar General with wider aisles and room for expanded home goods merchandise on 1.78 acres.
Property Size10,566 SF
Lot Size1.78 Acres
Days on Market55
Property Features for 791 Cheri Circle
General Information
- Standard status
- Pending
- Size
- 10,566 SF
- Lot size
- 1.78 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2022
Listing agency
Marcus & Millichap - Palo Alto
Listed by
Steve Sauter · License #CA 01084092
Source
Crexi
Added: May 28 Updated: Jul 10 at 1:51PM Checked: Jul 21 at 3:59AM
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 - Palo Alto
Investment Insights
Based on property information with market context.
A newly constructed Dollar General store (2022) offers a larger-format retail layout with wider aisles and dedicated space for expanded merchandise, including home goods. The property contains approximately 10,566 square feet of retail space situated on about 1.78 acres.
The store is located in Whitwell, Tennessee, a growing satellite community of Chattanooga. The public remarks note the local Victoria area is about 25 minutes from downtown Chattanooga, with a reported city population of 191,500. Within a 5-mile radius, there are reported 7,299 residents, and Marion County is described as experiencing population growth of 1.22%.
For investors or operators seeking a credit-backed, single-tenant NNN structure, the lease is described as absolute NNN and is backed by Dollar General Corporation (NYSE:DG). The lease provides for 10% fixed rent increases at the beginning of each 5-year option period. Dollar General is reported to have a store count of 20,500+ across 48 states, with more than 80 years in business. Reported Year 2025 gross sales are stated as $40.6 billion, and the company’s Standard & Poor’s credit rating is listed as BBB, with Fortune 500 status.
The store is located in Whitwell, Tennessee, a growing satellite community of Chattanooga. The public remarks note the local Victoria area is about 25 minutes from downtown Chattanooga, with a reported city population of 191,500. Within a 5-mile radius, there are reported 7,299 residents, and Marion County is described as experiencing population growth of 1.22%.
For investors or operators seeking a credit-backed, single-tenant NNN structure, the lease is described as absolute NNN and is backed by Dollar General Corporation (NYSE:DG). The lease provides for 10% fixed rent increases at the beginning of each 5-year option period. Dollar General is reported to have a store count of 20,500+ across 48 states, with more than 80 years in business. Reported Year 2025 gross sales are stated as $40.6 billion, and the company’s Standard & Poor’s credit rating is listed as BBB, with Fortune 500 status.
Key Highlights
- 2022‑built, larger‑format Dollar General store with +/-10,566 SF on +/-1.78 acres in Whitwell, TN
- Larger‑format design includes wider aisles and dedicated space for expanded home goods merchandise
- Absolute NNN lease with 10% fixed rent increases at the beginning of each 5‑year option period
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 | $139.5k | $13.20 |
| − Vacancy | −$8.4k | −$0.79 |
| EGI | $131.1k | $12.41 |
| − OpEx | −$32.8k | −$3.10 |
| NOI | $98.3k | $9.31 |
10,566 SF · lease $13.20/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.40M
$1.23M – $1.64M
NOI $98,327 @ 7.0% cap · market cap 6.73%
Second Best
Retail
$1.17M
$1.02M – $1.36M
NOI $81,654 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$2.33M
$2.04M – $2.72M
NOI $163,349 @ 7.0% cap · market cap 11.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar For Sale Nearby
FAQs
What type of property is this?
Grocery and convenience store - 2022-built larger-format Dollar General with wider aisles and room for expanded home goods merchandise on 1.78 acres.
Where is this grocery and convenience store located?
The property is located at 791 Cheri Circle Whitwell, TN.
What is the asking price?
The asking price for this property is $1,460,000.
What are key features of this property?
This property features: 2022‑built, larger‑format Dollar General store with +/-10,566 SF on +/-1.78 acres in Whitwell, TN; Larger‑format design includes wider aisles and dedicated space for expanded home goods merchandise; Absolute NNN lease with 10% fixed rent increases at the beginning of each 5‑year option period
