For Sale
$1,118,584

736 Tn Hwy Cumberland City, TN 37050

TN Convenience Store, Strong NOI

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity features a 7,670-square-foot Dollar General convenience store in Cumberland City, Tennessee. Located at 736 TN Highway 149, this single-story building sits on commercially zoned land and boasts a strong 6.50% cap rate, generating a net operating income (NOI) of $72,708. The property is under a Net Lease (NNN) agreement with a corporate guarantee, minimizing landlord responsibilities. The current lease, with Dollar General as the tenant, commenced March 10, 2019, and has a remaining term of 9.4 years, expiring March 31, 2034. Five (5) year lease options are included, each with a 10% rent increase. The asking price is $1,118,584, translating to a price per square foot of $145.84. This property presents an ideal investment opportunity, particularly for 1031 exchange purposes, given its location in Tennessee, a state with no income tax. The 100% occupancy rate further enhances its appeal. The property's strong tenant, long lease term, and favorable financial metrics make it a compelling investment prospect. This is a single-tenant, single-building property.

Highlights

  • $1,118,584 asking price for a 7,670 SF Dollar General.
  • Net lease investment with a corporate guarantee.
  • 100% occupancy with a 6.50% cap rate and $72,708 NOI.
  • 15.1-year lease with 9.4 years remaining, including five 5-year renewal options with 10% rent bumps each.
  • Located at 736 TN Highway 149, Cumberland City, TN 37050.

Property Details for 736 Tn Hwy

Property type
Retail properties, Grocery and convenience stores
Square Feet
7,670 SF
Buildings
1
Stories
1

Location Insight

City
Cumberland City
County
Stewart
State
Tennessee
Latitude
36.3995771
Longitude
-87.6016193

FAQs

What type of property is this?
Retail property - TN Convenience Store, Strong NOI
Where is the retail property located?
The property is located at 736 Tn Hwy Cumberland City, TN.
What is the asking price?
The asking price for this property is $1,118,584.
What are key features of this property?
This property features: $1,118,584 asking price for a 7,670 SF Dollar General.; Net lease investment with a corporate guarantee.; 100% occupancy with a 6.50% cap rate and $72,708 NOI.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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736 Tn Hwy
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