For Sale
$1,997,000

0 Us-70 & Westel LoopRockwood, TN 37854

High-Yield Dollar General Investment; 15-Year Lease

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a brand-new, 2024-constructed Dollar General storefront in Rockwood, Tennessee, situated at the intersection of US-70 and Westel Loop. The property boasts a 15-year absolute NNN lease with a highly-rated investment-grade tenant (BBB by S&P), eliminating landlord responsibilities. The lease includes attractive 5% rental increases every five years throughout the base term and five, 5-year options, ensuring consistent and growing income. With a current NOI of $133,816 and an asking price of $1,997,000, this property offers a compelling 6.70% cap rate. The property benefits from its high visibility along a major east-west artery, convenient access to I-40 (33,771 cars/day), proximity to Roane State Community College (5,636 students), and its location in a rapidly growing area serving over 55,000 residents in Roane County. The strategic location also leverages the significant tourism in the Appalachian region, close to the Great Smoky Mountains (14+ million visitors annually), Frozen Head State Park, and Lone Mountain State Forest. Tennessee's tax-free status further enhances the investment appeal. This is a rare opportunity to acquire a high-performing, low-maintenance asset with a strong tenant and significant long-term growth potential.

Highlights

  • $1,997,000 asking price for a Dollar General storefront.
  • Absolute NNN net lease with 15 years remaining on a 15-year term.
  • 6.70% cap rate with $133,816 annual NOI.
  • 5% rental increases every 5 years.

Property Details for 0 Us-70 & Westel Loop

Property type
Retail properties, Retail space
Year Built
2024

Location Insight

City
Rockwood
County
Cumberland
State
Tennessee
Latitude
35.8665365
Longitude
-84.7616542
Us-70 & Westel Loop, Rockwood, Tennessee

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0 Us-70 & Westel Loop
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