1275 Us-25W Dandridge, TN 37725

This exceptional investment opportunity presents a fee-simple, absolute triple-net (NNN) leased Dollar General storefront in Dandridge, Tennessee. The property, built in 2000 and boasting 8,770 square feet of net rentable space on a 1.27-acre lot, features a rare all-wood construction, significantly upgrading the standard Dollar General design. The current lease, commencing July 13, 2020, and expiring July 31, 2035, offers a substantial remaining term of over 10.7 years. Five, 5-year renewal options are included, each with a 10% rent increase. The property generates a strong annual net operating income (NOI) of $91,420, representing a 6.00% cap rate and a low annual rental rate of less than $11.00 per square foot. This location enjoys high visibility and traffic, ranking 4th out of 26 Dollar Generals within a 15-mile radius in terms of visitor traffic, outperforming 88% of its competitors. Furthermore, it ranks 197th out of 905 stores statewide (outperforming 78%) and 4,722nd out of 18,711 nationwide (outperforming 74%). The tenant, Dollar General, is a publicly traded, investment-grade company providing a corporate guarantee. Located at 1275 US-25W in Dandridge (Jefferson County), this property benefits from its position within the Knoxville Metropolitan Statistical Area (MSA), a rapidly growing region with a population exceeding 932,000. The property's strong performance, long lease term, and built-in rent increases make it an attractive, low-maintenance investment in a tax-free state. The property is offered at an asking price of $1,525,000.