Dollar General Market | 3106 Hartsville Pike
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Dollar General Market 3106 Hartsville Pike
12,480 SF Retail Building Castalian Springs, TN 37031 £1,241,256 (£99/SF) 7.50% Net Initial Yield
Investment Highlights
- Attractive Rent Increases
- Investment Grade Credit
- Recession Resistant Tenant
- Minimal Landlord Responsibilities
- Limited Competition
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a freestanding Dollar General Market investment property located at 3106 Hartsville Pike in Castalian Springs, Tennessee (the “Property”). Dollar General Market has operated at the Property since 2010, and recently extended their lease demonstrating their commitment to the site and the market. Dollar General has 8+ years remaining on its double-net lease with two (2), 5-year renewal options. The lease features attractive 5.0% rent increases at the start of each renewal option. Dollar General Market is situated in an excellent location along Hartsville Pike (TN Route 25), the area’s primary commuter corridor. Dollar General Market offers an expanded food section within the store and is the main shopping destination serving Castalian Springs. Dollar General Market is 3-miles from US Highway 231, the primary north south roadway, and is positioned between Hartsville and Gallatin, which offers retail and dining amenities, schools and employment opportunities. Additionally, Dollar General Market is approximately 30-miles from Nashville.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
12,480 SF
Year Built
2009
Price
£1,241,256
Price Per SF
£99
Net Initial Yield
7.50%
NOI
£93,094
Tenancy
Single
Number of Floors
1
Building FAR
0.14
Lot Size
2.00 AC
Zoning
R1A
PROPERTY TAXES
Parcel Number | 110-033.00 | Improvements Assessment | £281,455 |
Land Assessment | £80,150 | Total Assessment | £361,605 |
PROPERTY TAXES
Parcel Number
110-033.00
Land Assessment
£80,150
Improvements Assessment
£281,455
Total Assessment
£361,605
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Dollar General Market | 3106 Hartsville Pike
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