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34471236
34471234

305 Tennessee Avenue, Etowah, TN 37331 For Sale

CO
CA 01985082
Matthews
MC
CA 02151705
Matthews
Listed by Matthews
$1,462,876
0 days on market
Updated 0 days ago

305 Tennessee Avenue

Details
Property Type Retail
Square Footage 10,640
Cap Rate 6.50%
NOI $95,086
Remaining Term 11
Year Built 2022
Acreage 1.600
Ground Lease No

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.

Listing Contacts

CO
CA 01985082
Matthews
MC
CA 02151705
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$95,086.00
$7,923.83/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

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Additional Information

Name
Hutt Cooke
License
356505, 263667 (TN)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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