844 Main StSweetwater, TN 37874

Property Details for 844 Main St

Year built

2023

Construction

FRAME

Lot size

1.36 AC

Property size (Sq ft)

10,858 SF

Property type

Retail properties

Property subtype

Retail space

APN

062023C E 01700

APU

062023CE01700

Description

This exceptional investment opportunity presents a newly constructed, 10,767 square foot Dollar General store in Sweetwater, Tennessee. The property boasts a 15-year triple-net (NNN) lease, commencing April 7, 2023, and expiring April 30, 2038, with five, five-year renewal options. The tenant, Dollar General, is credit-rated and provides a corporate guarantee, ensuring a secure investment. The property, built in 2023, features an all-brick exterior and sits on a 1.36-acre lot. With a current NOI of $107,609 and a 6.50% cap rate, this offering presents a compelling return on investment. The property enjoys high visibility on Lee Highway/Main Street, experiencing approximately 10,000 vehicles per day. Its strategic location serves a population exceeding 50,000 residents in the growing Monroe/McMinn County area. Furthermore, its proximity to Interstate 75 and a new 4.5 million square foot distribution center, creating over 3,500 jobs, enhances its long-term growth potential. Tennessee's tax-free status is an added benefit. The asking price is $1,655,523, translating to $153.76 per square foot. This is a fee-simple ownership opportunity.

Location Insight

City

Sweetwater

County

Monroe

State

Tennessee

Latitude

35.6037

Longitude

-84.4597

Property Tax & Assessments

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