Us-70 & Westel Loop Rockwood, TN 37854
- Retail properties
Current Use by Public Records
- Retail properties
Property Details for 0 Us-70 & Westel Loop
- Year built
- 2024
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a brand-new, 2024-constructed Dollar General storefront in Rockwood, Tennessee, situated at the intersection of US-70 and Westel Loop. The property boasts a 15-year absolute NNN lease with a highly-rated investment-grade tenant (BBB by S&P), eliminating landlord responsibilities. The lease includes attractive 5% rental increases every five years throughout the base term and five, 5-year options, ensuring consistent and growing income. With a current NOI of $133,816 and an asking price of $1,997,000, this property offers a compelling 6.70% cap rate. The property benefits from its high visibility along a major east-west artery, convenient access to I-40 (33,771 cars/day), proximity to Roane State Community College (5,636 students), and its location in a rapidly growing area serving over 55,000 residents in Roane County. The strategic location also leverages the significant tourism in the Appalachian region, close to the Great Smoky Mountains (14+ million visitors annually), Frozen Head State Park, and Lone Mountain State Forest. Tennessee's tax-free status further enhances the investment appeal. This is a rare opportunity to acquire a high-performing, low-maintenance asset with a strong tenant and significant long-term growth potential.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rockwood
- County
- Cumberland
- State
- Tennessee
- Longitude
- -84.7617
- Latitude
- 35.8665
