For Sale
$1,118,584

736 Tn HwyCumberland City, TN 37050

TN Convenience Store, Strong NOI

Overview

Added:
Dec 11, 2024
Days on market:
115
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
736 Tn Hwy, Cumberland City, Tennessee

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736 Tn Hwy
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