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DG Market | Limestone, TN 108 Limestone Ruritan Rd

10,640 SF Retail Building Limestone, TN 37681 $3,697,339 CAD ($347 CAD/SF) 6.50% Cap Rate

Retail Buildings Tennessee Limestone 108 Limestone Ruritan Rd, Limestone, TN 37681

Investment Highlights

  • NNN Single Tenant Investment Opportunity
  • 15-Year Lease with Five (5), Five (5) Year Options
  • Corporate Guarantee by Dollar General Corporation
  • Located in the Johnson City-Bristol-Kingsport MSA
  • 5% Rent Increases Every 5 Years During the Initial Term and Each Option

Executive Summary

Randall Commercial Group, LLC is pleased to exclusively offer for sale this brand new, free-standing DG Market located in Limestone, TN. The subject property has a 15-year NNN lease with 5% increases every 5 years during the initial term and each option, and an estimated delivery date in October 2024. The property is located on Limestone Ruritan Rd at its intersection with Andrew Johnson Highway, approximately 18 miles from Johnson City and 14 miles from Greeneville, TN. Limestone is part of the Johnson City-Kingsport-Bristol combined statistical area, known as the “Tri-Cities” region, with a population of over 500,000. Dollar General is an investment-grade tenant with a Standard & Poor’s “BBB” credit rating.

Attachments

1277.24 -- Limestone, TN 30813 OM

Property Facts Under Contract

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,640 SF
Building Class
B
Year Built
2024
Price
$3,697,339 CAD
Price Per SF
$347 CAD
Cap Rate
6.50%
NOI
$240,327 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.90 AC
Zoning
A1 - Agriculture
Parking
38 Spaces (3.57 Spaces per 1,000 SF Leased)
Frontage
274 ft on Limestone Ruritan Road
1 of 1
(662) 234-4044

Contacts

  • Listing ID: 32768954

  • Date on Market: 2024-08-12

  • Last Updated:

  • Address: 108 Limestone Ruritan Rd, Limestone, TN 37681

The Retail Property at 108 Limestone Ruritan Rd, Limestone, TN 37681 is currently available for sale. Contact Randall Commercial Group, LLC for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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1/5
108 Limestone Ruritan Rd, Limestone, TN for sale Primary Photo- Image 1 of 5
1018.15 -- DG Market Standard v2 (new lease)
108 Limestone Ruritan Rd, Limestone, TN for sale Building Photo- Image 2 of 5
1018.15 -- DG Market Standard v1 (new lease)
108 Limestone Ruritan Rd, Limestone, TN for sale Building Photo- Image 3 of 5
1277.24 -- Limestone, TN 30813 Site Plan
108 Limestone Ruritan Rd, Limestone, TN for sale Building Photo- Image 4 of 5
1018.15 -- DGMM Building Elevation

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DG Market | Limestone, TN | 108 Limestone Ruritan Rd
(662) 234-4044 x

DG Market | Limestone, TN | 108 Limestone Ruritan Rd

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Elizabeth Randall

(662) 234-4044

(662) 234-4044

Brian Phillips

(662) 638-0722

(662) 638-0722

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