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Dollar General 1127 State St

8,125 SF Retail Building White Pine, TN 37890 $1,063,102 CAD ($131 CAD/SF) 7.13% Cap Rate

Investment Highlights

  • Recent Early Lease Extension demonstrating the tenant’s commitment to the site; 6+ Years of Primary Lease Term Remaining
  • Steady population growth in Morristown and surrounding areas, driving demand for retail; Driven by manufacturing, healthcare, and education sectors
  • Tennessee's business-friendly tax policies enhance overall return on investment; Zero Income Tax State
  • Dollar General Corporate Guaranty; S&P Investment Grade Credit “BBB”; 20+ years of successful operating history
  • Situated near major highways, attracting shoppers from nearby towns and increasing foot traffic; Presence of national retail chains

Executive Summary

Excellent 1031 Exchange Property

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,125 SF
Building Class
C
Year Built
2003
Price
$1,063,102 CAD
Price Per SF
$131 CAD
Cap Rate
7.13%
NOI
$75,795 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Land Acres
2.30 AC
Zoning
C-2

Amenities

  • Mezzanine

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
028J-B-010.00
Land Assessment
$88,120 CAD
Improvements Assessment
$254,158 CAD
Total Assessment
$342,278 CAD
  • Listing ID: 33674560

  • Date on Market: 2024-10-29

  • Last Updated:

  • Address: 1127 State St, White Pine, TN 37890

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