1408 Mcfarland Ave Rossville, GA 30741

This exceptional investment opportunity presents a single-tenant, net-leased Dollar General store located at 1408 McFarland Ave, Rossville, GA 30741, within the Chattanooga MSA. The 9,014 square foot building, constructed in 2004, sits on a 1.51-acre lot. The property boasts a strong financial profile, with a current asking price of $682,000 and a 7.30% cap rate, generating a net operating income (NOI) of $49,800. Dollar General, a credit-rated tenant, recently exercised a lease extension, securing occupancy until January 31, 2030. A single five-year renewal option remains, featuring a 10% rent increase. This represents a stable, long-term investment with a proven track record, as Dollar General has occupied the property since its construction in 2004. The property's location in a well-established neighborhood, coupled with the tenant's financial strength and lease terms, makes this an attractive opportunity for investors seeking a secure and profitable addition to their portfolio. The building is a single-story structure with 100% occupancy. The lease commenced on August 9, 2004, and the remaining lease term is approximately 5.2 years. The price per square foot is $75.66.