NNN Dollar General | Nashville MSA
Absolute NNN Lease | 7.60% Cap | Nashville MSA
Marketing description
AMC Real Estate Investment Services is pleased to present for sale the single tenant Dollar General at 3632 Jim Cummings Highway in Woodbury, Tennessee. This 9,100 square foot property is fully leased to Dollar General (NYSE: DG), an investment grade (S&P: BBB) Fortune 500 retailer, on an absolute NNN lease that places all responsibility for taxes, insurance, and maintenance on the tenant, delivering a completely hands off income stream ideal for a passive, out of state, or 1031 exchange buyer.
The lease offers in place NOI of $75,987 at a 7.60% cap rate, with three (3) five-year renewal options carrying 10% rent increases at each, providing built in income growth. Dollar General has operated at this location since 2012, demonstrating long term commitment to the site.
The property sits along Jim Cummings Highway (US 70S) with direct frontage and ±6,278 VPD, serving as the primary retail node for the Woodbury and Cannon County trade area. Woodbury is the county seat of Cannon County and lies within the Nashville MSA, one of the fastest growing metropolitan areas in the country, within commuting distance of Murfreesboro and Nashville.
This is a stabilized, single tenant net leased asset backed by an essential, recession resilient retailer in a growing Middle Tennessee market. Supported by predictable cash flow, minimal management, and strong tenant fundamentals, the property offers long term stability well suited for ownership consideration.
Investment highlights
- Corporate-guaranteed lease to Dollar General (NYSE: DG), an investment-grade (S&P: BBB) Fortune 500 retailer with 20,000+ locations nationwide.
- This absolute triple net (NNN) lease places all responsibility for property taxes, insurance, and maintenance on the tenant, including roof, structure, and parking lot, giving the owner a completely hands-off income stream with zero landlord responsibilities that is ideal for a passive, out-of-state, or 1031 exchange buyer.
- The tenant has operated at this location since 2012, demonstrating a long-term commitment to the site, and the lease carries three additional five-year renewal options with 10% rent increases at each option, providing built-in income growth and strong indication of the tenant's intent to remain for years to come.
- In-place net operating income of $75,987 from an essential, recession-resilient discount retailer.
- Direct frontage along Jim Cummings Highway (US-70S) with ±6,278 VPD, serving as the primary retail node for the Woodbury and Cannon County trade area.
- Growing Middle Tennessee location within commuting distance of Murfreesboro and Nashville, with a 10-mile population of 19,089 and $75,852 median household income.
- Built to suit in 2012 with a durable brick facade and concrete parking lot, offering a more attractive storefront and lower long-term upkeep.
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