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24477178
24477179

2474 Boyds Creek Hwy, Sevierville, TN 37876 For Sale

AZ
GA 168762
Marathon Property Group, LLC
Listed by Marathon Property Group, LLC
$1,353,500
376 days on market
Updated 12 days ago

Dollar General - Pigeon Forge TN

Details
Property Type Retail
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 9,014
Net Rentable (SqFt) 9,014
Cap Rate 7.1%
NOI $96,099
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type NN+
Lease Term 20.3
Lease Expiration 12/31/2030
Remaining Term 4.5
Rent Bumps Yes
Lease Options 5
Price per SqFt $150
Year Built 2010
Buildings 1
Stories 1
Parking Spaces 30 spaces
Parking per 1,000 SqFt 3.33
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 10/01/2010
Occupancy Date 10/01/2010
Ground Lease No
Sale Condition 1031 exchange

Top performing Dollar General in Sevierville, Tennessee - Pigeon Forge Area

Marketing description

Introducing an exceptional investment opportunity in Sevierville, Tennessee's thriving market within the Knoxville MSA! Presenting Dollar General at 2474 Boyds Creek Highway. This single-tenant retail property features a 9,014 SF building on a spacious 1.25-acre lot, complete with 30 parking spaces. Situated in a high-visibility location, this Dollar General store caters to over 10,000 local residents, solidifying its place as the primary retail destination. With no competing dollar stores within a 5-mile radius, this upgraded location offers expanded refrigeration, drawing in more shoppers. Leased to Dollar General through September 2030 with a full corporate guarantee, this property guarantees a stable income stream. With the tenant responsible for certain maintenance costs, the property offers a hassle-free investment opportunity. Don't miss the chance to own a piece of this bustling community with a well-established Fortune 500 retailer!

Investment highlights

Top 80th Percentile Performing Dollar General Location Nationwide Based on Placer.ai Foot Traffic.

Sevierville, TN (Knoxville MSA) location with 10,000+ nearby residents and no Dollar Store competition within 5 miles.

9,014 SF single-tenant Dollar General, built 2010, 16 years of occupancy.

Fully leased with a full Dollar General Corporation corporate guaranty (NYSE: DG, Fortune 500 #91), operating more than 20,000 stores nationwide.

Lease runs through September 2030, Tenant has exercised the first 5-year option through 9/30/2030.

Upgraded store with expanded refrigeration, increasing local market share and shopper draw.

Surrounded by growing residential and tourist attractions (Dollywood, Gatlinburg, Pigeon Forge).

Area growth supported by new 200-acre entertainment venue under development nearby.

NN+ lease: Tenant responsible for insurance, HVAC replacement and repair. Tenant reimburses for taxes, landscaping, parking lot repairs and lighting. Landlord covers roof, parking lot replacement, and structure.

Listing Contacts

AZ
GA 168762
Marathon Property Group, LLC
Listed by Marathon Property Group, LLC

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$96,099.00
$8,008.25/mo

Valuation Metrics

0
DSCR
7.1%
Cap Rate
7.1%
ROI

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