Listed by Matthews
$2,607,692
DG Market | Bristol, TN | 2024 Construction
Details
APN 040H A 00300
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 10,640
Units 5
Cap Rate 6.5%
NOI $169,500
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Expiration 07/30/2039
Remaining Term 13.2
Rent Bumps Yes
Lease Options 5% Increases Every 5 Years
Price per SqFt $245
Year Built 2024
Acreage 0.540
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
5% Rental Increases Every 5 Years | Absolute NNN | No State Income Tax
Marketing description
- Corporately Guaranteed Lease – Backed by Dollar General Corporation (NYSE: DG), which holds an investment-grade credit rating, ensuring long-term income stability.
- Essential Retailer with Resilient Model – Dollar General was classified as an essential retailer during the COVID-19 pandemic, demonstrating the durability of its recession-resistant business model.
- Strong Household Demographics – The average household income within a 5-mile radius is approximately $91,45, indicating solid consumer spending power in the trade area.
- Growth-Oriented Tenant – Dollar General recently announced plans to open 450 new stores and remodel 2,000 existing locations in 2026, underscoring continued corporate expansion and investment in its footprint.
- Absolute Triple Net (NNN) Lease – Features zero landlord responsibilities, providing a passive, management-free investment structure.
- Structured Rental Increases – Lease includes 5% rental escalations every five years during the primary term, supporting long-term income growth.
- Strategic Regional Location – Situated in Bristol, part of the Tri-Cities MSA (Bristol, Johnson City, Kingsport), the property benefits from a stable and diversified regional economy supported by healthcare, education, manufacturing, and tourism.
- Tourism and Event Traffic – Proximity to Bristol Motor Speedway and regional attractions ensures consistent consumer traffic and economic activity.
- Tax-Friendly State – Located in Tennessee, which imposes no state income tax, offering potential tax advantages for investors.
Investment highlights
- Corporately Guaranteed Lease – Backed by Dollar General Corporation (NYSE: DG), which holds an investment-grade credit rating, ensuring long-term income stability.
- Essential Retailer with Resilient Model – Dollar General was classified as an essential retailer during the COVID-19 pandemic, demonstrating the durability of its recession-resistant business model.
- Strong Household Demographics – The average household income within a 5-mile radius is approximately $91,45, indicating solid consumer spending power in the trade area.
- Growth-Oriented Tenant – Dollar General recently announced plans to open 450 new stores and remodel 2,000 existing locations in 2026, underscoring continued corporate expansion and investment in its footprint.
- Absolute Triple Net (NNN) Lease – Features zero landlord responsibilities, providing a passive, management-free investment structure.
- Structured Rental Increases – Lease includes 5% rental escalations every five years during the primary term, supporting long-term income growth.
- Strategic Regional Location – Situated in Bristol, part of the Tri-Cities MSA (Bristol, Johnson City, Kingsport), the property benefits from a stable and diversified regional economy supported by healthcare, education, manufacturing, and tourism.
- Tourism and Event Traffic – Proximity to Bristol Motor Speedway and regional attractions ensures consistent consumer traffic and economic activity.
- Tax-Friendly State – Located in Tennessee, which imposes no state income tax, offering potential tax advantages for investors.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$169,500.00
$14,125.00/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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