For Sale
$1,294,777

6359 Tn-90 Clairfield, TN 37715

High-Yield Retail Property in Tennessee

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a fee-simple owned Dollar General store located at 6359 TN-90, Clairfield, TN 37715. The 9,002 square foot building, constructed in 2021, sits on a 1.84-acre lot and boasts a 100% occupancy rate under a 15-year Absolute NNN lease with a corporate guarantee. The lease commenced February 1, 2021, and expires January 31, 2036, with five 5-year renewal options, each including a 10% rent increase. The property generates a substantial net operating income (NOI) of $93,224, resulting in an attractive 7.20% cap rate. The property benefits from its location along State Highway 90, providing excellent visibility and access. With limited competition and strong demographics within a 5-mile radius, including proximity to Clairfield Elementary School, this investment offers exceptional stability and growth potential. The property's APN is 013023 01209. This is a turnkey investment with zero landlord responsibilities.

Highlights

  • 12+ Years Remaining on Lease, Extension Options Available
  • Absolute NNN Lease, Fee Simple Ownership, No Landlord Responsibilities
  • High-Visibility Location on State Hwy 90, Low Competition, Near Clairfield Elementary School
  • Strong Demographics within a 5-Mile Radius

Property Details for 6359 Tn-90

Property type
Retail properties, Retail space
Square Feet
9,002 SF
Year Built
2021
Lot Size (sq. ft)
80,150 SF

Location Insight

City
Clairfield
County
Claiborne
State
Tennessee
Latitude
36.5695705
Longitude
-83.9266614

FAQs

What type of property is this?
Retail property - High-Yield Retail Property in Tennessee
Where is the retail property located?
The property is located at 6359 Tn-90 Clairfield, TN.
What is the asking price?
The asking price for this property is $1,294,777.
What are key features of this property?
This property features: 12+ Years Remaining on Lease, Extension Options Available; Absolute NNN Lease, Fee Simple Ownership, No Landlord Responsibilities; High-Visibility Location on State Hwy 90, Low Competition, Near Clairfield Elementary School
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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6359 Tn-90
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