Current Use by Public Records
- Retail properties & Spaces
Property Details for 106 Cedar Fork Rd
- Year built
- 2025
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a brand-new, 10,640-square-foot Dollar General Mini Market in Tazewell, Tennessee. Boasting a 15-year absolute NNN lease with a strong investment-grade tenant (S&P rated 'BBB'), this property offers significant long-term stability and passive income. The lease includes attractive 5% rental increases every five years, ensuring consistent growth. Located at 106 Cedar Fork Rd, Tazewell, TN 37879, this strategically positioned store serves a population of over 33,000 residents in Claiborne County and benefits from high visibility along a major thoroughfare with over 20,000 cars daily. Its proximity to major attractions like Cherokee Lake, numerous state parks, and national forests, coupled with its location near Claiborne Medical Center, contributes to a robust and growing customer base. The property's oversized parcel and upgraded features, including expanded produce and grocery offerings, further enhance its appeal. With a 6.70% cap rate and a net operating income (NOI) of $140,460, this is a compelling investment in a thriving market within a tax-free state. The nearest competing Dollar General is over 24 miles away, ensuring market dominance. This is a rare opportunity to acquire a high-performing, low-maintenance retail asset with exceptional long-term potential. The property was built in 2025.
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
- Tazewell
- County
- Claiborne
- State
- Tennessee
- Longitude
- -83.5681
- Latitude
- 36.4596
