844 Main St Sweetwater, TN 37874-2618

This exceptional investment opportunity presents a newly constructed, 10,767 square foot Dollar General store in Sweetwater, Tennessee. The property boasts a 15-year triple-net (NNN) lease, commencing April 7, 2023, and expiring April 30, 2038, with five, five-year renewal options. The tenant, Dollar General, is credit-rated and provides a corporate guarantee, ensuring a secure investment. The property, built in 2023, features an all-brick exterior and sits on a 1.36-acre lot. With a current NOI of $107,609 and a 6.50% cap rate, this offering presents a compelling return on investment. The property enjoys high visibility on Lee Highway/Main Street, experiencing approximately 10,000 vehicles per day. Its strategic location serves a population exceeding 50,000 residents in the growing Monroe/McMinn County area. Furthermore, its proximity to Interstate 75 and a new 4.5 million square foot distribution center, creating over 3,500 jobs, enhances its long-term growth potential. Tennessee's tax-free status is an added benefit. The asking price is $1,655,523, translating to $153.76 per square foot. This is a fee-simple ownership opportunity.