Brand New Dollar General | Afton, TN | 6.60% Cap Rate

Property Description

Marketing Package

Randall Commercial Group, LLC is pleased to exclusively offer for sale this brand new, free standing Dollar General located in Afton, TN.  The subject property is currently under construction and will have a 15-year, absolute NNN lease with an rent commencement date of November 1, 2016.  The property is located along the Kingsport Highway approximately 9 miles from Greeneville, TN.  Dollar General is an investment grade tenant with a Standard & Poor’s “BBB” credit rating.

  • Offering Price:  $1,166,242
  • Cap Rate:  6.60%
  • Current NOI:  $76,972
  • Rent per Sq. Ft.:  $8.46/SF
  • Building Size:  9,100 Sq. Ft.*
  • Lot Size:  1.41 acres*
  • 7921 Kingsport Hwy., Afton, Tennessee 37616
  • Absolute NNN Single Tenant Investment Opportunity
  • 15 year lease, with rent commencing on November 1, 2017

*Landlord provided data

General Info

Category: Recent/Closed Projects

Type: Investment, Retail

Price: $1,166,242

Address: 7921 Kingsport Hwy., Afton, TN 37616

Listing Page: Click to View Loopnet Listing Page

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