Property Listing No Longer Available for Sale

6950 US Highway 45 South, Ramer, TN

Retail for Sale - $411,429 - 8,125 Sq. Ft. on 80 acres


Property Info

CIMLS#433254
Location
  6950 US Highway 45 South
  Ramer TN 38367
UpdatedApril 2nd, 2012
TypeRetail
Price$411,429
Building8,125 Sq. Ft.
Land80 acres

Property Description

Bull Realty is pleased to present this established and successful Dollar General, single tenant, net lease offering in Ramer, TN. This 8,125 sq ft building, built in 2004, sits on an approximately 0.80 acre site near the intersection of US Hwy 45 and TN Hwy 57 in southwestern Tennessee. This NN property has two 5-year option periods each featuring a $3,000 rent increase. Prior to the lease modification and term extension, this location had impressive store sales. This is an ideal investment for an investor looking for minimal landlord responsibilities, good real estate and a successful national credit tenant. The current NOI is $36,000 annually.

The subject property is located in Ramer, TN, in McNairy County, just north of the Mississippi state line. It is approximately 61 miles north of Tupelo and 106 miles east of Memphis. Within a 10-mile radius, the population is 26,737 and has an average household income of $44,356.

Dollar General is the largest “small box” discount retailer in the US. Now headquartered in Goodlettsville, TN, the company was established in Scottsville, KY in 1939. Today, with over 9,800 stores in 38 states, Dollar General, whose store format is generally in suburban markets, is expanding into more densely populated areas and often “re-using” vacant retail locations. On January 3rd Dollar General announced plans to open 625 new stores in 2012 thereby creating over 6,000 new jobs.

This property is part of a portfolio of eight Dollar Generals, two Family Dollars and one Fred’s in AL, GA, KY, MS & TN that can be purchased together or separately.

Please contact Nancy or Sheree for additional details regarding this property.

Please Contact:

Nancy Miller, CCIM, MBA

Nancy@BullRealty.com

404.876.1640 x 118

Sheree Strome, CCIM

Sheree@BullRealty.com

404.876.1640 x 122