Property Listing No Longer Available for Sale

14 Pine Street, Tennga, GA

Retail for Sale - $559,551 - 9,014 Sq. Ft. on 99 acres


Property Info

CIMLS#433572
Location
  14 Pine Street
  Tennga GA 30751
UpdatedJanuary 29th, 2013
TypeRetail
Price$559,551
Building9,014 Sq. Ft.
Land99 acres

Property Description

Bull Realty brings this established, single tenant, net lease Dollar General offering to market in Tennga, GA. The property is located on the Tennessee-Georgia border less than 50 miles from Chattanooga. This +/- 9,014 sq ft building, built in 2004, sits on an approximately 0.99 acre corner parcel with US Hwy 411. Within a 10-mile radius, the population is 21,142 and has an average household income of $51,057.

The current annual rent is $49,800 with minimal landlord responsibilities. This NN property has three 5-year option periods featuring a 19% rent increase in the first period and a 10% increase in the second & third periods. Dollar General has 10,000 locations throughout the US and is the largest discount “small box” retailer in the US. Their success is demonstrated by their BB+ rating with Standard & Poors and their consistent quarter over quarter stock earnings growth since going public in 2009.

This investment makes good sense to investors looking to diversify and gain solid returns. Offered at an attractive 8.9% cap rate, an investor will be able to take advantage of strong tenant fundamentals and ease of ownership with a net lease.

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 Berk Strome, CCIM

Sheree@BullRealty.com

404.876.1640 x 122



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