Property Description
An excellent opportunity to acquire a freestanding Dollar General in Millington, Tennessee. This property is secured by a 15-year double net (NN) lease with built-in rent growth, featuring a 3% increase beginning in year 11 and 10% escalations at each of the (5) five-year renewal options. Investors benefit from stable cash flow, predictable rent increases, and minimal landlord responsibilities.
The asset consists of a 9,348 SF building on a 4.18-acre corner lot, located at the intersection of Raleigh Millington Road and Waverly Farms Road. The site enjoys visibility in a rural Tennessee corridor and sits in close proximity to a residential neighborhood. Surrounding retail includes a Marathon gas station, providing great consumer traffic to the area.
This offering is further strengthened by an existing transferable roof warranty, adding long-term peace of mind. The investment is being offered at a 6.5% capitalization rate, making it an attractive option for investors seeking a balance of security and growth.
Additionally, there is an adjacent 3.71-acre parcel available for separate purchase, offering a unique development opportunity for additional income potential or complementary uses.
