2890 Highway 66Rogersville, TN 37857

This exceptional investment opportunity presents a newly constructed (2024), 10,500-square-foot Family Dollar and Dollar Tree storefront located at 2890 Hwy 66 S in Rogersville, Tennessee. The property boasts a strong 8.00% cap rate and a substantial net operating income (NOI) of $135,419, supported by a 100% occupancy rate. The investment is structured as a triple-net (NNN) lease with a corporate guarantee from Family Dollar Stores, Inc., a company with a strong S&P BBB credit rating, ensuring financial stability. The 10-year initial lease term provides long-term security. Situated on a 2.05-acre lot at a high-traffic corner with full access from both Hwy 66 S and TN-70, the property benefits from an average daily traffic count of 27,095 vehicles. The location is strategically advantageous, positioned directly across from Cherokee High School (1,130 students and faculty), serving a community with a growing population (three times the national average) and a low unemployment rate (3.0% as of May 2024). Furthermore, over 40% of the community holds post-secondary education. This property offers a compelling combination of strong tenant, favorable lease terms, and a prime location within a thriving market, making it an ideal addition to any investment portfolio. The asking price is $1,692,738, translating to a price per square foot of $161.21.