Property details

Dollar General For Sale, Southeast Region

Property Description

8.75% CAP. New free standing Dollar General. Completed October 2008. NNN 10 year initial term lease with 5-5 year options. Dollar General is a national company

Located in Lincoln County, Tennessee. 30 minutes from Huntsville, Alabama.

New free standing retail building. 10 year NNN lease with 5-5 year options with Dollar General.

Dollar General is a national company and has been in business since 1939 and is a $9.2 billion company as a leader in the Dollar store market with over 8,222 stores of as February 2008. It was acquired by one of the world's first private equity firms based in NY, Kohlberg, Kravis Roberts & Co. (KKR) in 2007. KKR announced Monday, July 28, 2008 of tentative plans to go public on the NYSE.

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Highlights

Status:
Sold
Price:
$775,954
PSF:
$86
Cap Rate:
8.75%
Annual Rent:
$67,896
Rent Increases:
Rate increases after every option period
 

Property Information

Building Size:
9,014 sq.ft.
Property Type:
Net Lease
Industry Type:
Retail
Units/Spaces:
1
Land Area:
1.00 acres
Purchase Tenure:
Fee Simple
 

Lease information

Tenant:
Dollar General
Lease Type:
Reimbursable NNN
Lease Commencement:
10/31/2008
Lease Expiration:
09/01/2018
Lease Term:
10 years
Lease Remaining:
4.4 years
Landlord Responsibilities:
inquire
Options:
5 - 5 year options
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.