Asking Price
Area Size
NOI Net Operating Income
NIY

Documents

Enter the "Deal room" for exclusive documents related to this property.

The Deal Room features confidential documents related to this property. To access the Deal Room, you will need to be logged in. If you don't have an account, please create one. More questions? Visit our FAQ.
I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2014
Building Area Gross
Occupancy 100.0 %
Call for Offers

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer for sale the opportunity to acquire a single-tenant Dollar General (the “Property” or “Asset”) featuring an Absolute NNN lease with over 6 years of initial term remaining. The investment presents a truly passive income structure with zero landlord responsibilities and five, five-year renewal options with 10% rental increases. The Property offers a rare opportunity to acquire a secure cash flow that is backed by Dollar General Corporation (“Dollar General”), the largest discount retailer in the nation.


Located in Cleveland, TN directly off State Route 60, the north-south highway sees 14,700+ VPD and is a major thoroughfare in Eastern Tennessee. 1.5 miles southeast of the property is Interstate 75 which passes through western Cleveland and connects the area with Knoxville to the north and Chattanooga to the south. The Property benefits from close proximity to surrounding national retailers in the trade area including Target, Walmart, Lowes, ExxonMobil, McDonald’s, Walgreens, and Ross.

Investment Highlights

  • Rare Absolute NNN Lease Offering
  • Investment Grade Tenancy (S&P: BBB/Moody's: Baa2)
  • 50,000+ People Within 5-Mile Radius
  • Dollar General Ranked #91 on Fortune 500 List
  • ~15,000 Vehicles Per Day
  • Dollar General Headquarters Located In Tennessee
  • Surrounding National Retailers In The Trade Area
  • Situated 1.5 Miles From Interstate 75
  • 10% Rent Bumps Every 5-Year Extension Option
  • 30-Miles Northeast of Chattanooga

BOR: Tom Hooper License: TN#283775

Last Updated Date: 21 Sep 2022

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

Last Updated Date: 21 Sep 2022

¿Tiene alguna duda?  Visite nuestra página de Preguntas Frecuentes

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.