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Dollar General 575 N Main St

12,480 SF Retail Building Jellico, TN 37762 £1,307,898 (£105/SF) 7.25% Net Initial Yield

Investment Highlights

  • NN+ Single Tenant Investment Opportunity
  • DG Executed a rare early extension in 2022
  • Corporate Guarantee by Dollar General Corporation
  • 8+ Year Term Remaining with Four (4), Five(5) Year Options
  • 10% Increases Per Options

Executive Summary

Randall Commercial Group, LLC is pleased to exclusively offer for sale this NN+*, freestanding Dollar General located in Jellico, TN. This store is a relo store, and Dollar General has not only exercised its first option but did an early extension of that option through November 30, 2031. Dollar General currently has approximately 8+ years remaining on the current term with four (4), five (5) year options remaining. The property is located along N. Main Street on the north side of Jellico, TN. Jellico is a city in Campbell County, TN, along the Tennessee/Kentucky border between Knoxville, TN and Lexington, KY. Jellico is included as part of the Knoxville MSA. Dollar General is an investment-grade tenant with a Standard & Poor’s “BBB” credit rating.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,480 SF
Building Class
B
Year Built
2010
Price
£1,307,898
Price Per SF
£105
Net Initial Yield
7.25%
NOI
£94,823
Tenancy
Single
Number of Floors
1
Building FAR
0.30
Land Acres
0.96 AC

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Retailer
  • 12,480 SF
  • £7.60
  • NNN
  • Nov 2031

At Dollar General, their actions are guided by a simple mission: Serving Others. For their customers, this means placing them at the center of all they do, working every day to deliver value and convenience through their neighborhood general stores. For their employees, this means respect and the opportunity to grow and develop their careers, and for their communities, this means helping support the communities they call home. They strive to make shopping hassle-free and affordable with easy-to-shop stores. Their stores deliver everyday low prices on items including food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products and much more from America’s most-trusted brands and products, along with high-quality private brands.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Retailer 12,480 SF £7.60 NNN Nov 2031

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 004H-A-057.01
  • 004H-A-057.00
Land Assessment
£30,609
Improvements Assessment
£224,845
Total Assessment
£255,454
  • Listing ID: 27709258

  • Date on Market: 08/02/2023

  • Last Updated:

  • Address: 575 N Main St, Jellico, TN 37762

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