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Brand-New Dollar General | Soddy-Daisy, TN| 6.50% Cap Rate |

Brand-New Dollar General | Soddy-Daisy, TN| 6.50% Cap Rate

Property Description

Randall Commercial Group, LLC is pleased to exclusively offer for sale this brand new, free-standing Dollar General located in Soddy Daisy, TN.  The subject property has a 15-year, NNN with a rent commencement date of December 9, 2019.  Soddy-Daisy is part of the Chattanooga MSA.  The property is located at the corner of Highwater Road & Dayton Pike (Hwy 27).  The subject property is near Chickamauga Lake and Soddy Lake.  Dollar General is an investment grade tenant with a Standard & Poor’s “BBB” credit rating.

Click HERE for Offering Memorandum

  • Offering Price:  $1,626,044 | 6.50% Cap Rate
  • Net Operating Income:  $105,692.88
  • Building Size: ±9,100 sq. ft.*
  • Lot Size: ±1.52 acres*
  • Lease Type:  15-year, NNN Lease
  • Rent Commencement Date:  December 9, 2019
  • Five (5), Five (5) year renewal options with 10% increases
  • Part of the Chattanooga MSA
  • ±16,312 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 181 Highwater Road, Soddy-Daisy, TN.  The Associate Broker has an ownership interest in the Subject Property located at 181 Highwater Road, Soddy-Daisy, TN, and other business with the Manager of the ownership entity.

*Source:  Lease & Site Plans

**TDOT

General Info

Category: For Sale

Type: Investment, Retail

Price: $1,626,044 | 6.50% Cap Rate

Address: 181 Highwater Road, Soddy-Daisy, TN 37601

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