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Dollar General Market 3106 Hartsville Pike

12,480 SF Retail Building Castalian Springs, TN 37031 $2,224,581 CAD ($178 CAD/SF) 7.50% Cap Rate

Investment Highlights

  • Attractive Rent Increases
  • Investment Grade Credit
  • Recession Resistant Tenant
  • Minimal Landlord Responsibilities
  • Limited Competition

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a freestanding Dollar General Market investment property located at 3106 Hartsville Pike in Castalian Springs, Tennessee (the “Property”). Dollar General Market has operated at the Property since 2010, and recently extended their lease demonstrating their commitment to the site and the market. Dollar General has 8+ years remaining on its double-net lease with two (2), 5-year renewal options. The lease features attractive 5.0% rent increases at the start of each renewal option. Dollar General Market is situated in an excellent location along Hartsville Pike (TN Route 25), the area’s primary commuter corridor. Dollar General Market offers an expanded food section within the store and is the main shopping destination serving Castalian Springs. Dollar General Market is 3-miles from US Highway 231, the primary north south roadway, and is positioned between Hartsville and Gallatin, which offers retail and dining amenities, schools and employment opportunities. Additionally, Dollar General Market is approximately 30-miles from Nashville.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,480 SF
Year Built
2009
Price
$2,224,581 CAD
Price Per SF
$178 CAD
Cap Rate
7.50%
NOI
$166,844 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
2.00 AC
Zoning
R1A

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
110-033.00
Land Assessment
$143,645 CAD
Improvements Assessment
$504,424 CAD
Total Assessment
$648,069 CAD
  • Listing ID: 34411587

  • Date on Market: 2025-01-08

  • Last Updated:

  • Address: 3106 Hartsville Pike, Castalian Springs, TN 37031

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