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40 Hickory Ridge Lane, Hartsville, TN 37074

SS
MI MI 6502426558
Exclusive Realty
Listed by Exclusive Realty
$1,586,859
9 days on market
Updated 9 days ago

Dollar General Market

Details
Property Type Retail
Sub Type Convenience Store, Storefront
Square Footage 12,687
Net Rentable (SqFt) 12,687
Cap Rate 6.4%
NOI $101,559
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 02/13/2037
Remaining Term 10
Rent Bumps Yes
Lease Options 3 (5) Year Options
Year Built 2022
Acreage 1.980
Zoning R1
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 02/14/2022
Ground Lease No

Retail | 12,687 sf | 6.40% Cap Rate

Marketing description

Exclusive Realty is pleased to present an Absolute NNN leased Dollar General Market investment opportunity located in the city of Hartsville. Situated in Trousdale County, Hartsville serves as the county seat and a key commercial hub for the surrounding rural communities of Middle Tennessee. The property benefits from its strategic location within driving distance of the greater Nashville metropolitan area, providing access to a strong and expanding regional economy. The area is supported by a stable employment base including Trousdale Turner Correctional Center, along with local government, education, and small business sectors. Hartsville offers essential amenities including schools, local retail, restaurants, and healthcare services, while nearby recreational attractions such as Old Hickory Lake and regional parks contribute to quality of life and consistent community activity. The tenant, Dollar General Market, represents an enhanced grocery-focused format by Dollar General, offering fresh produce, refrigerated and frozen foods, and an expanded selection of everyday essentials in addition to traditional general merchandise. With more than 19,000 locations nationwide, Dollar General continues to expand its Market concept to meet growing demand for convenient grocery options in underserved areas. The Hartsville location benefits from a stable population base, limited direct competition, and strong demand for value-oriented retail within a rural trade area. This Absolute NNN investment provides passive ownership with minimal landlord responsibilities and stable long-term income backed by a nationally recognized tenant.

Investment highlights

  • Absolute NNN lease providing passive ownership with minimal landlord responsibilities
  • Tenant: Dollar General Market – expanded grocery-focused store format
  • Tennessee is a No Income Tax State
  • Ranked in the 73% Nationwide and 76% Statewide for store visits per Placer.ai
  • Located in Hartsville within Trousdale County County seat serving surrounding rural and agricultural communities
  • Proximity to the Nashville metropolitan area
  • Stable employment base including Trousdale Turner Correctional Center
  • Nearby amenities including schools, retail, restaurants, and healthcare services
  • Recreational attractions such as Old Hickory Lake and local parks
  • Limited competition supporting strong store performance

Listing Contacts

SS
MI MI 6502426558
Exclusive Realty
Listed by Exclusive Realty

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$101,559.00
$8,463.25/mo

Valuation Metrics

0
DSCR
6.4%
Cap Rate
6.4%
ROI

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