Current Use by Public Records
- Retail properties & Spaces
Property Details for 6359 Tn-90
- Year built
- 2021
- Lot size
- 1.84 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a fee-simple owned Dollar General store located at 6359 TN-90, Clairfield, TN 37715. The 9,002 square foot building, constructed in 2021, sits on a 1.84-acre lot and boasts a 100% occupancy rate under a 15-year Absolute NNN lease with a corporate guarantee. The lease commenced February 1, 2021, and expires January 31, 2036, with five 5-year renewal options, each including a 10% rent increase. The property generates a substantial net operating income (NOI) of $93,224, resulting in an attractive 7.20% cap rate. The property benefits from its location along State Highway 90, providing excellent visibility and access. With limited competition and strong demographics within a 5-mile radius, including proximity to Clairfield Elementary School, this investment offers exceptional stability and growth potential. The property's APN is 013023 01209. This is a turnkey investment with zero landlord responsibilities.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Clairfield
- County
- Claiborne
- State
- Tennessee
- Longitude
- -83.9267
- Latitude
- 36.5696
