304 Crk St, Rocky Top, TN 37769

Property Details for 304 Crk St

Property type

Retail space

Property subtype

Storefront properties

Description

This exceptional investment opportunity presents a 15,292 square foot Dollar General Market in Rocky Top, Tennessee, boasting a strong 7.80% cap rate. The property features a 10-year net lease with nine years remaining, offering significant long-term stability. Rent increases of 10% are built into the lease at each option period. The store underwent a complete interior and exterior renovation in 2023, including a new roof, HVAC system, and parking lot. This upgraded market features an expanded produce and grocery section. Dollar General, rated BBB by S&P, is a nationally recognized essential retailer with over 19,000 stores. Located at 304 Creek St, Rocky Top, TN 37769, this single-tenant property enjoys a prime location just off I-75, experiencing high daily traffic volume (43,025 cars/day). The building is constructed of rare brick on three sides with a block storefront. The property serves a growing population of over 77,000 residents in a Knoxville suburb, only 23 miles northwest of downtown Knoxville and benefits from the area's robust tourism industry. The nearest competing Dollar General Market is over 18 miles away, ensuring a strong market position. Tennessee's tax-free status further enhances the investment's appeal. This is a rare opportunity to acquire a high-performing, well-located net lease property with a nationally recognized tenant and significant upside potential. The NOI is $123,936, and the asking price is $1,589,000 ($103.91/sq ft).

Location Insight

City

Rocky Top

County

Anderson

State

Tennessee

Longitude

-84.1588847

Latitude

36.2204238