For Sale
$1,997,000

Us-70 & Westel Loop Rockwood, TN 37854

High-Yield Dollar General Investment; 15-Year Lease

Overview

Added:
Dec 11, 2024
Days on market:
136
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

FAQs

What type of property is this?
Retail property - High-Yield Dollar General Investment; 15-Year Lease
Where is the retail property located?
The property is located at Us-70 & Westel Loop Rockwood, TN.
What is the asking price?
The asking price for this property is $1,997,000.
What are key features of this property?
This property features: $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.
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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0 Us-70 & Westel Loop
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