1221 Lynn Gdn Dr Kingsport, TN 37665

This exceptional investment opportunity presents a brand-new, free-standing Dollar General store in Kingsport, Tennessee. Located at 1221 Lynn Garden Dr, Kingsport, TN 37665, this Class A property boasts 10,542 square feet on a 1.15-acre lot with 36 parking spaces. The property features a 15-year absolute NNN lease, commencing May 31, 2024, and expiring May 31, 2039, with five, five-year renewal options. Rent increases by 5% every five years throughout the primary term and each option period. The tenant, Dollar General, is investment-grade, providing a corporate guarantee and ensuring a stable income stream. The property's strong financial performance is reflected in its 6.25% cap rate and a net operating income (NOI) of $165,712. The asking price is $2,651,393, translating to a price per square foot of $251.51. This single-tenant, single-story building was constructed in 2024 and enjoys 100% occupancy. The Kingsport-Johnson City-Bristol MSA provides a robust market for this type of retail investment. This is a compelling opportunity for investors seeking a secure, high-return investment with a credit-rated tenant and significant lease term remaining.