For Sale
$1,034,482

1207 Meridian StGreenfield, TN 38230

High-yield Dollar General retail property

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a single-tenant, 16,500-square-foot Dollar General convenience store and grocery storefront located in Greenfield, Tennessee. The property sits on a 1.6-acre lot at 1207 S Meridian St, 38230, and boasts a strong 7.25% capitalization rate. Built in 1999, this single-story building is currently 100% occupied under a Net Lease (NN) agreement with a corporate guarantee, ensuring consistent cash flow. The Net Operating Income (NOI) stands at $75,000 annually. The asking price is $1,034,482. This property offers a secure investment with a projected rent increase scheduled for 2026, promising even greater future returns. The property's prime location just south of downtown Greenfield provides excellent visibility and accessibility. This is a rare opportunity to acquire a well-established, high-performing retail asset in a stable market. The sale is offered as-is by the owner.

Highlights

  • 16,500 SF Dollar General store on a 1.6-acre lot in Greenfield, TN.
  • 7.25% capitalization rate with a $75,000 annual NOI.
  • 100% occupied under a corporate-guaranteed Net Lease (NN).
  • Asking price: $1,034,482.
  • Prime location with excellent visibility and accessibility.

Property Details for 1207 Meridian St

Property type
Retail properties, Retail space
Square Feet
16,500 SF
Year Built
1999
Buildings
1
Stories
1
Lot Size (sq. ft)
69,696 SF
Units
1

Location Insight

City
Greenfield
County
Weakley
State
Tennessee
Latitude
36.144022158529
Longitude
-88.803314024564
1207 Meridian St, Greenfield, Tennessee

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1207 Meridian St
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