Property Listing No Longer Available for Sale

3168 Highway 22, Yuma, TN

Retail for Sale - $534,857 - 9,014 Sq. Ft. on 104 acres


Property Info

CIMLS#433582
Location
  3168 Highway 22
  Yuma TN 38390
UpdatedApril 17th, 2012
TypeRetail
Price$534,857
Building9,014 Sq. Ft.
Land104 acres

Property Description

Bull Realty brings this established single tenant, net lease Dollar General offering to market in Yuma, TN. This +/- 9,014 sq ft building, built in 2006, sits on an approximately 1.04 acre corner site. It is well located just 5 miles north of Interstate 40, the main east-west artery through middle Tennessee, and is approximately 116 miles east of Memphis and 109 miles west of Nashville. Within a 10-mile radius of the subject the population is 10,162 with an average household income of $45,482.

The current annual rent is $46,800 with minimal landlord responsibilities. This NN property has five 5-year option periods each featuring a 7% rent increase. 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 8.7% cap rate, an investor will be able to take advantage of strong tenant fundamentals, ease of ownership with a net lease and own a real estate asset in a state with no state income tax!

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

TN License #318507

Sheree Berk Strome, CCIM

Sheree@BullRealty.com

404.876.1640 x 122

TN License #323254