DG Market | Johnson City, TN | 1064 Suncrest Dr
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DG Market | Johnson City, TN 1064 Suncrest Dr
12,480 SF Retail Building Johnson City, TN 37615 £2,280,944 (£183/SF) 6.50% Net Initial Yield
Investment Highlights
- NNN Single Tenant Investment Opportunity
- 15-Year Lease with Five (5), Five (5) Year Options
- Corporate Guarantee by Dolgencorp, LLC
- Located in the Johnson City, TN MSA
- 5% Increases every 5-years
Executive Summary
Randall Commercial Group, LLC is pleased to exclusively offer for sale this brand new, free standing Dollar General Market located in Johnson City, TN. The subject property has a 15-year, NNN lease with an estimated delivery date of February 2025. The building has an upgraded hardie-plank exterior and is located on Suncrest Drive near the intersection of I-26 and Suncrest Drive. Dollar General is an investment-grade tenant with a Standard & Poor’s “BBB” credit rating.
The subject property is ideally located on Suncrest Drive in Johnson City, TN. The Dollar General Market store is approximately 1.5 miles from the I-26 ramp to access downtown Johnson City. The property is approximately 10 miles from the Johnson City Medical Center, a 455-bed facility that is one of only five Level 1 Trauma Centers in the state of Tennessee. Johnson City is located in Washington, Carter, and Sullivan counties in northeast Tennessee, with most of the city being in Washington County. Johnson City is part of the Tri Cities region, along with the cities of Kingsport, Bristol, and the surrounding smaller towns and communities in Northeast Tennessee and Southwest Virginia. Johnson City is an economic hub largely fueled by East Tennessee State University and the medical Med-Tech corridor, anchored by the Johnson City Medical Center, Franklin Woods Community Hospital, and affiliated facilities. Johnson City has been ranked as high as #35 "Best Small Place for Business and Careers" in the USA by Forbes. Kiplinger ranked Johnson City #5 in "The 10 Least-Expensive Cities For Living in the U.S.A.", stating the low cost of living is attributed to affordable homes and below-average utility, transportation, and healthcare costs.
The subject property is ideally located on Suncrest Drive in Johnson City, TN. The Dollar General Market store is approximately 1.5 miles from the I-26 ramp to access downtown Johnson City. The property is approximately 10 miles from the Johnson City Medical Center, a 455-bed facility that is one of only five Level 1 Trauma Centers in the state of Tennessee. Johnson City is located in Washington, Carter, and Sullivan counties in northeast Tennessee, with most of the city being in Washington County. Johnson City is part of the Tri Cities region, along with the cities of Kingsport, Bristol, and the surrounding smaller towns and communities in Northeast Tennessee and Southwest Virginia. Johnson City is an economic hub largely fueled by East Tennessee State University and the medical Med-Tech corridor, anchored by the Johnson City Medical Center, Franklin Woods Community Hospital, and affiliated facilities. Johnson City has been ranked as high as #35 "Best Small Place for Business and Careers" in the USA by Forbes. Kiplinger ranked Johnson City #5 in "The 10 Least-Expensive Cities For Living in the U.S.A.", stating the low cost of living is attributed to affordable homes and below-average utility, transportation, and healthcare costs.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,480 SF
Year Built
2025
Construction Status
Under Construction
Price
£2,280,944
Price Per SF
£183
Net Initial Yield
6.50%
NOI
£148,261
Tenancy
Single
Number of Floors
1
Building FAR
0.21
Lot Size
1.35 AC
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DG Market | Johnson City, TN | 1064 Suncrest Dr
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