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

Property Description

Randall Commercial Group, LLC is pleased to exclusively offer for sale this brand new, free-standing Dollar General located in Surgoinsville, TN. The subject property has a 15-year, NNN lease with an estimated delivery date of March 2020. The property is located just off Lee Hwy. (Hwy 11 W) between Kingsport and Rogersville.  Surgoinsville, TN is part of the “Tri-Cities” region and home to the Phipps Bend Industrial Park.  Dollar General is an investment grade tenant with a Standard & Poor’s “BBB” credit rating.

Click HERE for Offering Memorandum

  • Offering Price:  $1,522,110 | 6.40% Cap Rate
  • Net Operating Income:  $97,415.04
  • Building Size: ±9,026 sq. ft.*
  • Lot Size: ±1.74 acres*
  • Lease Type:  15-year, NNN Lease*
  • Estimated Delivery Date:  March 2020
  • Five (5), Five (5) year renewal options with 10% increases

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 109 Forest View Drive, Surgoinsville, TN.  The Associate Broker has an ownership interest in the Subject Property located at 109 Forest View Drive, Surgoinsville, TN and other business with the Manager of the ownership entity.

*Source:  Lease & Site Plans

General Info

Category: For Sale

Type: Investment, Retail

Price: $1,522,110 | 6.40% Cap Rate

Address: 109 Forest View Drive, Surgoinsville, TN 37873

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