7592 Highway 63, Speedwell, TN, 37870

Highlights

• Build-to-suit, classic, Dollar General
• Five (5) 5-Year Options with a 10% increase at each option period
• Dollar General Corporate Guarantee (NYSE: DG)
• Speedwell is close to Cumberland Gap National Historical Park and the Powell River
• 6+ Years remaining on the lease term, expiration date is April 2, 2031
• Tennessee is an income tax-free state
• Stable income with a National Investment Credit Tenant

Description

This is an attractive, freestanding, Dollar General site on a large lot of approximately 1.35 acres. The lease has approximately 6+ years remaining and is Double Net (NN) with minimal Landlord responsibilities (limited to just roof and structure). This store has been servicing the Speedwell and adjacent communities with essential goods since 2016. This solid investment is being offered at an 8.00% Cap Rate, providing a Buyer with an attractive, stabilized income stream.

Speedwell, Tennessee is a small unincorporated community located in Claiborne County, in the northeastern part of the state. Approximately 55 miles from Knoxville, it is near the Cumberland Gap, a historic mountain pass that played a significant role in early American westward expansion.