Brand-New Dollar General | Johnson City, TN | 6.40 % Cap Rate

Property Description

CLOSED/SOLD

Randall Commercial Group, LLC is pleased to exclusively offer for sale this brand new, free-standing Dollar General located in Johnson City, TN. The subject property has a 15-year, NNN lease with the building being delivered to Dollar General in October 2019. Johnson City is located in northeast Tennessee and is part of the Tri-Cities area.  Johnson City is the 9th largest city in TN and is home to East Tennessee State University (Division I), Johnson City Medical Center (teaching hospital – ETSU), and the Johnson City Cardinals Minor League Baseball team.  Dollar General is an investment grade tenant with a Standard & Poor’s “BBB” credit rating.

Click HERE for Offering Memorandum

  • Offering Price:  $1,479,268 | 6.40% Cap Rate
  • Net Operating Income:  $94,673.16
  • Building Size: ±9,026 sq. ft.*
  • Lot Size: ±1.27 acres*
  • Lease Type:  15-year, NNN Lease**
  • Est. Delivery Date:  October 2019
  • Five (5), Five (5) year renewal options with 10% increases
  • Property located along Kingsport Hwy just ±3 miles from I-26 and ±5 miles from I-81
  • ±12,042 AADT near store

For more information about this property, please contact Elizabeth J. Randall, CCIM or Brian P. Phillips, CCIM.

Important Disclosure: An owner/agency relationship exists with an Associate Brokers of Randall Commercial Group, LLC and the owner of Subject Property located at 5816 Kingsport Hwy, Johnson City, TN. The Associate Broker has an ownership interest in the Subject Property located at 5816 Kingsport Hwy, Johnson City, TN and other business with the Manager of the ownership entity.

*Source:  Lease & Site Plans

General Info

Category: Recent/Closed Projects

Type: Investment, Retail

Price: $1,479,268 | 6.40% Cap Rate

Address: 5816 Kingsport Hwy, Johnson City, TN 37615

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