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DG Market | Cleveland, TN 7896 Dalton SE pike

10,640 SF Retail Building Cleveland, TN 37323 £1,957,990 (£184/SF) 6.50% Net Initial Yield

Investment Highlights

  • NNN Single Tenant Investment Opportunity
  • 15-Year Lease with Three (3), Five (5) Year Options
  • Corporate Guarantee by Dollar General Corporation
  • Located near Chattanooga, TN
  • 5% Rent Increases Every 5 Years During the Initial Term and Each Option

Executive Summary

Randall Commercial Group, LLC is pleased to exclusively offer for sale this brand new, free-standing Dollar General store located in Cleveland, TN. The subject property has a 15-year, NNN lease with 5% increases every 5 years during the preliminary term and each option, and an estimated delivery date in October 2024. The property is located on Dalton Pike just south of the city of Cleveland and approximately 40 miles from downtown Chattanooga, TN. Dollar General is an investment-grade tenant with a Standard & Poor’s “BBB” credit rating.

Attachments

1271.24 -- Cleveland, TN 30723 OM

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,640 SF
Building Class
B
Year Built
2024
Price
£1,957,990
Price Per SF
£184
Net Initial Yield
6.50%
NOI
£127,269
Tenancy
Single
Number of Floors
1
Building FAR
0.15
Lot Size
1.65 AC
Parking
35 Spaces (3.29 Spaces per 1,000 SF Leased)
Frontage
428 ft on Dalton Pike
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PROPERTY TAXES

Parcel Number 097-039.00 Improvements Assessment £6,710
Land Assessment £77,110 Total Assessment £83,820

PROPERTY TAXES

Parcel Number
097-039.00
Land Assessment
£77,110
Improvements Assessment
£6,710
Total Assessment
£83,820
(662) 234-4044

Contacts

  • Listing ID: 32666753

  • Date on Market: 02/08/2024

  • Last Updated:

  • Address: 7896 Dalton SE pike, Cleveland, TN 37323

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7896 Dalton SE pike, Cleveland, TN for sale Primary Photo- Image 1 of 4
1018.15 -- DG Market Mini Pic
7896 Dalton SE pike, Cleveland, TN for sale Building Photo- Image 2 of 4
1018.15 -- DGMM Building Elevation
7896 Dalton SE pike, Cleveland, TN for sale Building Photo- Image 3 of 4
1271.24 -- Cleveland, TN 30723 Site Plan

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© 2024 CoStar Group

DG Market | Cleveland, TN | 7896 Dalton SE pike
(662) 234-4044 x

DG Market | Cleveland, TN | 7896 Dalton SE pike

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Elizabeth Randall

(662) 234-4044

(662) 234-4044

Brian Phillips

(662) 638-0722

(662) 638-0722

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