Brand-New Dollar General | Jonesborough, 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 Jonesborough, TN. The subject property has a 15-year, NNN with a rent commencement date of November 24, 2019.  Jonesborough is part of the Johnson City MSA.  Jonesborough has the status of being Tennessee’s oldest town as well as the Storytelling Capital of the World.  The property is ideally located on the corner of Depot Street and W. Main Street.  Dollar General is an investment grade tenant with a Standard & Poor’s “BBB” credit rating.

Click HERE for Offering Memorandum

  • Offering Price:  $1,718,194.00 | 6.40% Cap Rate
  • Net Operating Income:  $109,964.40
  • Building Size: ±9,100 sq. ft.*
  • Lot Size: ±2.63 acres*
  • Lease Type:  15-year, NNN Lease*
  • Rent Commencement Date:  November 24, 2019
  • Five (5), Five (5) year renewal options with 10% increases
  • ±9,801 annual avg. daily traffic count at store**
  • Part of the Johnson City MSA and the combined statistical area commonly known as the Tri-Cities region

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 1033 Depot St., Jonesborough, TN.  The Associate Broker has an ownership interest in the Subject Property located at 1033 Depot St., Jonesborough, TN, and other business with the Manager of the ownership entity.

*Source:  Lease

**Source:  TDOT (2018)

General Info

Price: $1,718,194 | 6.40% Cap Rate

Address: 1033 Depot Street, Jonesborough, TN 37659

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