305 Tennessee Avenue
Brand-New Dollar General | Absolute NNN | 6.50% Cap Rate in Tax-Free Tennessee
Investment highlights
• 2022 build-to-suit construction for Dollar General with ±11 years remaining on the initial 15-year Absolute NNN lease.
• Premium Relocation Store – Newer 10,640 SF prototype that relocated from an older nearby location, reflecting Dollar General's long-term commitment to the Etowah market.
• Tax Benefits – Tennessee is a highly sought-after income tax-free state, increasing overall return for qualifying investors.
• Centrally positioned between Chattanooga (±49 miles) and Knoxville (±60 miles).
• Located along Tennessee Avenue (US-411), Etowah's primary commercial corridors with excellent visibility and convenient access.
• Nearby national retailers include AutoZone, O'Reilly Auto Parts, McDonald's, Taco Bell, Sonic, Walgreens, and Tractor Supply, reinforcing the corridor as the city's primary retail destination.
• Dollar General boasts an investment-grade credit rating of BBB (S&P).
• Dollar General has ±20,000 locations and plans to continue their expansion for the foreseeable future.
• Dollar General has been 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 ±$26 billion.
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