CONGRESS PKWAY N-1030 Athens TN 37303-1707

PRICE REDUCTION! NOW OFFERED AT +- 7% CAP RATE!

Transwestern National Net Lease | Sale Leaseback Group is pleased to present a high-performing, absolute triple net leased Dollar General at 1030 Congress Parkway North, Athens, Tennessee. The Property was completed in March 2018 with a new 15-year lease with no landlord responsibilities, providing an investor a truly passive investment opportunity. The initial term of the lease runs through March 31, 2033, with the tenant having five (5), 5-year options to renew with 10% rent increases each.

According to Placer.ai, this store’s visitor traffic ranks #6 out of 19 stores in a 15-mile radius and outperforming 64% of stores in the State of Tennessee and 61% of all Dollar General stores nationwide.

The Property is situated 3.2 miles north of downtown Athens, Tennessee and is roughly 60 miles northeast of Chattanooga and 55 miles southwest of Knoxville, approximately halfway between the two major cities.

Dollar General is a publicly traded company (NYSE: DG) and an investment grade tenant (S&P: BBB). Headquartered in Goodlettsville, Tennessee, Dollar General’s gross revenue for 2023 exceeded $38.7 billion with operating profit of $2.4 billion. Dollar General operates more than 19,000 stores with plans to open 800 more and remodel an additional 1,500 stores in 2024.

• PRICE REDUCED TO $1,370,000 / 6.94% CAP

• Dollar General just informed ownership of its intent to commence a store remodel at DG’s sole cost beginning in February 2025 indicating a very strong commitment to the site

• High performing store – Per Placer.ai data, this store ranks #6 out 19 Dollar General stores in a 15-mile radius and outperforms 64% of stores in the State of Tennessee and 61% of Dollar General stores nationwide

• Great visibility on US-Highway 11 / Lee Highway, just north of downtown Athens

• New construction in 2018 with more than 8+ years of remaining lease term on original 15-year lease

• Tenant has five, 5-year renewal options with 10% increases each

• Located approximately halfway between Chattanooga and Knoxville

• Oversized parcel: 2.636 acres

• Property can also be purchased with a rare, all-wood constructed Dollar General in Dandridge, TN. Click here for more information: https://www.crexi.com/properties/1670659/tennessee-dollar-general-all-wood-construction-abs-nnn

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace

Marcus & Millichap, in conjunction with RI Marketplace, is pleased to present a ±2.14-acre land parcel located adjacent to 1030 Congress Parkway N (the “Property”) in Athens, Tennessee. This Property offers an exceptional investment opportunity via development and FIRST BID MEETS RESERVE!

The Property is a ±2.14-acre parcel situated adjacent to Dollar General with frontage on Congress Pkwy with traffic counts of ±12,834 vehicles per day. The Property benefits from proximity to Dollar General, FedEx, Marathon, Subway, Shell, and Ace Hardware within a dense commercial/logistics node. The Property benefits from favorable B-1, Intensive Business District zoning that allows for a wide variety of uses including retail, service, restaurants, manufacturing, office, and mini warehouses (subject to review and approval).

Athens, Tennessee, is a strategically located city between Chattanooga and Knoxville along Interstate 75, making it an attractive location for development. Its location, roughly 60 miles from both Chattanooga and Knoxville, allows businesses and residents to benefit from the amenities of larger cities while enjoying a small-town atmosphere. The Property is easily accessible and is ideally positioned just 5-minutes south of the highly trafficked I-75 with over 43,000 vehicles per day and offers prime visibility and frontage on Congress Parkway which carries ±12,834 VPD. The Property benefits from strong demographics with a population of 22,985 residents and an average household income of $63,195 within a 5-mile radius.

• ABSOLUTE $1 AUCTION | ±2.14 Acre Parcel | 12K VPD | Between Chattanooga & Knoxville | AUCTION NOVEMBER 4-6, 2024

• ±2.14 Acres of Land Adjacent to Dollar General in Athens, TN, between Chattanooga & Knoxville

• ±12,834 VPD Traffic Count Frontage on Congress Pkwy and Direct Access to I-75 Nearby

• Attractive Demographics with ±22,985 Individuals and Annual Household Income of ±$63,195 (5-Mile)

• ±5.63% Population Growth from 2020-2024 and ±6.82% Future Growth from 2024-2029 Anticipated (5-mile radius)

• Favorable B-1, Intensive Business District Zoning with Flexible Uses Permitted including Mini Warehouses (subject to review and approval)

• Absolute $1 Auction - NO RESERVE