Englewood, TN Dollar General

3190 Highway 411 North Englewood, TN 37329

3190 Highway 411 North, Englewood, TN, 37329
3190 Highway 411 North, Englewood, TN, 37329
FOR SALE
Property Type:
Free Standing Building
Amount:
$702,857
Last Verified:
Jun 03, 2020

Highlights

  • Custom Built for Dollar General in 2004
  • Recently Renewed Option with 4 + Years Remaining
  • Modified NNN Lease - Limited Landlord Responsibility
  • CAM Reimbursement of $413.14/mo
  • Cash-on-Cash Return potential of 14.0%
  • Limited Retail Competition

Description

SVN | Holman Norden is pleased to present a 100% fee simple interest in a Dollar General property located at 3190 Highway 411 North, Englewood, TN. Located on Hwy 411 and just 60 miles north of Chattanooga and 60 miles south of Knoxville makes this a very strong location for Dollar General. The subject property is a 9,014 square foot building built in 2004 and leased to Dollar General Corporation as a long term tenant. Dollar General renewed the lease term to 2024 giving over 4 years of current term remaining. Dollar General is the largest discount retailer in the United States by the number of stores with over 15,500 neighborhood stores in 44 states. Not to mention they are among the largest retailer of top-quality products made by America's most trusted manufacturers such as Procter & Gamble, Kimberly-Clark, Unilever, Kellogg, General Mills, Nabisco, PepsiCo, and Coca-Cola.

Englewood is a town in McMinn County, Tennessee. It started as a small mill community based next to a railroad stop where the Atlanta, Knoxville, & Northern Railroad intersected the Tellico Railroad. Several mills and factories established operations in Englewood. Now, the town prides itself on its rich manufacturing history. The Unicoi Mountains are visible to the south of Englewood. Englewood is situated just 60 miles north of Chattanooga and 60 miles south of Knoxville. Englewood has greater than a 3-mile service area in excess of 2,600 people. All of this combines to make a strong location for Dollar General.


Year Built: 2004
Building Size: 9014.0sq ft
Lot Size: 0.0 acres

Map of 3190 Highway 411 North, Englewood, TN, 37329

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