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27079815
27079816

5470 New Hwy 68, Madisonville, TN 37354 For Sale

ER
MS 19734
Randall Commercial Group, LLC
Randall Commercial Group, LLC
Listed by Randall Commercial Group, LLC
$2,391,672
306 days on market
Updated 64 days ago

Dollar General | Madisonville, TN

Details
Property Type Retail
Sub Type Convenience Store
Square Footage 9,002
Net Rentable (SqFt) 9,002
Units 1
Cap Rate 6%
NOI $143,500
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 10/31/2040
Remaining Term 14.3
Rent Bumps Yes
Lease Options 5
Price per SqFt $266
Year Built 2025
Buildings 1
Stories 1
Acreage 2.000
Parking Spaces 30 spaces
Parking per 1,000 SqFt 3.33
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 10/30/2025

Retail | 6.00% CAP | 9,002 SqFt

Marketing description

Randall Commercial Group, LLC is pleased to exclusively offer for sale this brand new, free-standing Dollar General located in Madisonville, TN. The subject property has a 15-year, NNN lease with 5% increases every 5 years during the preliminary term and each option, and a rent commencement date of October 30, 2025. This Dollar General has a corner entrance and is ideally located along New Highway 68, a major thoroughfare in and out of Madisonville. Madisonville is in the southeastern part of Tennessee and is situated between Knoxville, TN (+/- 45-miles) and Chattanooga, TN (+/- 75-miles). Dollar General is an investment-grade tenant with a Standard & Poor’s “BBB” credit rating.

The Subject Property is ideally located along New Highway 68, a key route in and out of Madisonville. The property has considerable road frontage, suggesting high visibility. Madisonville is in the southeastern part of Tennessee and serves as the county seat of Monroe County. Its position is central to the county, and it's situated in a valley between the Appalachian Mountains to the east and the Cumberland Plateau to the west. Madisonville is known for its blend of rural and suburban atmosphere, as well as its historical significance and natural attractions. The city was founded in the early 1820s as "Tellico" and was renamed Madisonville in 1830 in honor of U.S. President James Madison. The city is situated along U.S. Route 411 and Tennessee State Route 68, which intersect near the center of town. Madisonville is situated between Knoxville, TN (+/- 45-miles) and Chattanooga, TN (+/- 75-miles). Located nearby, The Lost Sea Adventure is a major attraction featuring America's largest underground lake. Visitors can take a boat ride through the caverns. (Sources: thelostsea.com; VisitMadisonvilleTn.com; Wikipedia; Google Gemini)

Investment highlights

  • NNN Single Tenant Investment Opportunity

  • Corner Entrance Dollar General

  • 15-Year Lease with Five (5), Five (5) Year Options

  • 5% Increases Every 5 Years During Primary Term & Renewal Options

  • Corporate Guarantee by Dollar General Corporation

  • The property is located along New Highway 68, a key route in and out of Madisonville.

  • Madisonville is in the southeastern part of Tennessee and is situated between Knoxville, TN (+/- 45-miles) and Chattanooga, TN (+/- 75-miles).

  • The economy is characterized by a mix of industries, with a particular focus on manufacturing, retail, and healthcare

  • The area is known for specialty shops like Benton's Smoky Mountain Country Hams. There is also a local vineyard, Tsali Notch Vineyard, which is known for its muscadine grapes.

  • Madisonville offers a mix of local attractions such as The Lost Sea Adventure (America's largest underground lake) and Kefauver Park.

  • Sources: VisitMadisonvilleTn.com; Wikipedia; Google Gemini

Listing Contacts

ER
MS 19734
Randall Commercial Group, LLC
Randall Commercial Group, LLC
Listed by Randall Commercial Group, LLC

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$143,500.00
$11,958.33/mo

Valuation Metrics

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DSCR
6%
Cap Rate
6%
ROI

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