575 Main St Jellico, TN 37762

This exceptional investment opportunity presents a freestanding Dollar General store in Jellico, Tennessee. The property boasts a substantial 12,480 square feet on a 0.96-acre lot at 575 N Main St, Jellico, TN 37762. Built in 2010, this single-story building enjoys 100% occupancy with a strong corporate guarantee from Dolgencorp, LLC. The current lease, an NN+ agreement, features a remaining term of approximately 8.8 years, extending to November 30, 2031. Four five-year lease options remain, with a notable 10% rent increase in each. The property's Net Operating Income (NOI) is $121,186, resulting in a compelling 7.25% cap rate and a price per square foot of $133.94. The asking price is $1,671,542. This investment benefits from Dollar General's investment-grade credit rating and the strategic location in Jellico, a city within the Knoxville Metropolitan Statistical Area, situated near the Tennessee/Kentucky border. The tenant has demonstrated commitment through a recent early lease extension. This is a rare opportunity to acquire a stable, high-performing retail asset with significant long-term potential.