DG Market | Limestone, TN
10,640 SF | Retail Building | Limestone, TN 37681 | $2,597,358 ($244/SF) | 6.50% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,597,358
- Property Type
-
Retail
- Square Feet
- 10,640 SF
- Price / Square Foot
- $244
Listing Contacts
Elizabeth Randall
Verified Profile
Brian Phillips
Verified Profile
- Property Info
Property Overview
Randall Commercial Group, LLC is pleased to exclusively offer for sale this brand new, free-standing DG Market located in Limestone, TN. The subject property has a 15-year NNN lease with 5% increases every 5 years during the initial term and each option, and an estimated delivery date in October 2024. The property is located on Limestone Ruritan Rd at its intersection with Andrew Johnson Highway, approximately 18 miles from Johnson City and 14 miles from Greeneville, TN. Limestone is part of the Johnson City-Kingsport-Bristol combined statistical area, known as the “Tri-Cities” region, with a population of over 500,000. Dollar General is an investment-grade tenant with a Standard & Poor’s “BBB” credit rating.
Property Details
- Class
- B
- Year Built
- 2024
- Stories
- 1
- Property Subtype
- Freestanding, Grocery/Convenience Store, Storefront
- Lot Size (sq. ft)
- 82,764 SF
Highlights
- NNN Single Tenant Investment Opportunity
- Located in the Johnson City-Bristol-Kingsport MSA
- 15-Year Lease with Five (5), Five (5) Year Options
- 5% Rent Increases Every 5 Years During the Initial Term and Each Option
- Corporate Guarantee by Dollar General Corporation
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