For Sale
$2,096,000

106 Cedar Fork RdTazewell, TN 37879

High-yield NNN retail investment.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a brand-new, 10,640-square-foot Dollar General Mini Market in Tazewell, Tennessee. Boasting a 15-year absolute NNN lease with a strong investment-grade tenant (S&P rated 'BBB'), this property offers significant long-term stability and passive income. The lease includes attractive 5% rental increases every five years, ensuring consistent growth. Located at 106 Cedar Fork Rd, Tazewell, TN 37879, this strategically positioned store serves a population of over 33,000 residents in Claiborne County and benefits from high visibility along a major thoroughfare with over 20,000 cars daily. Its proximity to major attractions like Cherokee Lake, numerous state parks, and national forests, coupled with its location near Claiborne Medical Center, contributes to a robust and growing customer base. The property's oversized parcel and upgraded features, including expanded produce and grocery offerings, further enhance its appeal. With a 6.70% cap rate and a net operating income (NOI) of $140,460, this is a compelling investment in a thriving market within a tax-free state. The nearest competing Dollar General is over 24 miles away, ensuring market dominance. This is a rare opportunity to acquire a high-performing, low-maintenance retail asset with exceptional long-term potential. The property was built in 2025.

Highlights

  • 15-Year Absolute NNN Lease, no landlord responsibilities.
  • 5% rental increases every 5 years throughout the base term and options.
  • Upgraded Dollar General Market store with expanded grocery offerings.
  • Investment-grade tenant with a BBB S&P rating.
  • Brand new 2024 construction on an oversized lot.
  • Serves over 33,000 Claiborne County residents, 44 miles northeast of Knoxville.

Property Details for 106 Cedar Fork Rd

Property type
Retail properties, Retail space
Square Feet
10,640 SF
Year Built
2025

Location Insight

City
Tazewell
County
Claiborne
State
Tennessee
Latitude
36.459569
Longitude
-83.568113
106 Cedar Fork Rd, Tazewell, Tennessee

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106 Cedar Fork Rd
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