Dollar General | 7% Cap | Abs NNN
2018 Construction | Income Tax Free State
Marketing description
Crossville, Tennessee serves as a key retail and service hub for the broader Cumberland Plateau region, drawing not only from its local population but also from surrounding rural communities with limited retail options. Positioned along Interstate 40, the city benefits from consistent pass-through traffic, which supports national retailers and enhances long-term site viability for necessity-based tenants.
The area is characterized by a stable, working-class demographic with a strong preference for value-oriented retail, making it an ideal fit for Dollar General's core business model. With a median household income below the national average, consumers in Crossville tend to prioritize convenience and affordability—two key drivers of Dollar General's continued success in similar tertiary markets. Additionally, the relatively high homeownership rate reinforces a stable, community-oriented customer base that supports repeat visits and consistent store performance.
Investment highlights
- 2018 build-to-suit construction for Dollar General
- ±7.5 Years remaining on an initial 15-year lease, which includes Five, 5-Year extension options all of which include a 10% rent increase
- Absolute NNN lease structure with zero management responsibilities
- Corporately guaranteed lease from Dollar General Corporation (S&P: BBB)
- Tennessee is an income tax free state
- Located along Highway 127 S with average daily traffic counts exceeding ±11,000 vehicles
- Crossville is located approximately 65 mile west of Knoxville and has an estimated population of 12,600 residents
- Known as the "Golf Capital of Tennessee," Crossville benefits from a strong tourism and retirement-driven economy
- Dollar General operates ±21,000 locations and plans to continue their expansion for the foreseeable future
- Dollar General has an investment-grade credit rating of BBB (S&P)
- Dollar General was considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic
- Dollar General has a market cap of ± 25 billion
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