Asking Price
Area Size
NOI Net Operating Income
Cap Rate

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 2014
Building Area Gross
Occupancy 100.0 %

Property description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer for sale the opportunity to acquire a single-tenant Dollar General (the “Property” or “Asset”) featuring an Absolute NNN lease with over 6 years of initial term remaining. The investment presents a truly passive income structure with zero landlord responsibilities and five, five-year renewal options with 10% rental increases. The Property offers a rare opportunity to acquire a secure cash flow that is backed by Dollar General Corporation (“Dollar General”), the largest discount retailer in the nation.


Located in Cleveland, TN directly off State Route 60, the north-south highway sees 14,700+ VPD and is a major thoroughfare in Eastern Tennessee. 1.5 miles southeast of the property is Interstate 75 which passes through western Cleveland and connects the area with Knoxville to the north and Chattanooga to the south. The Property benefits from close proximity to surrounding national retailers in the trade area including Target, Walmart, Lowes, ExxonMobil, McDonald’s, Walgreens, and Ross.

Investment highlights

  • Rare Absolute NNN Lease Offering
  • Investment Grade Tenancy (S&P: BBB/Moody's: Baa2)
  • 50,000+ People Within 5-Mile Radius
  • Dollar General Ranked #91 on Fortune 500 List
  • ~15,000 Vehicles Per Day
  • Dollar General Headquarters Located In Tennessee
  • Surrounding National Retailers In The Trade Area
  • Situated 1.5 Miles From Interstate 75
  • 10% Rent Bumps Every 5-Year Extension Option
  • 30-Miles Northeast of Chattanooga

BOR: Tom Hooper License: TN#283775

Last Updated Date: 01 Aug 2022

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Last Updated Date: 01 Aug 2022

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The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

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