Matthews Logo

Navigation Menu

4462 US-421, Bristol, TN, 37620

DG Market
$2,607,692

Key Information

Cap Rate
6.5%
$ per SF
$245
Tot. SF
10,640
Year Built
2024
Term Remaining
±13.63 YRS
Type
Retail

Highlights

  • Corporately Guaranteed Lease – Backed by Dollar General Corporation (NYSE: DG), which holds an investment-grade credit rating, ensuring long-term income stability.
  • Essential Retailer with Resilient Model – Dollar General was classified as an essential retailer during the COVID-19 pandemic, demonstrating the durability of its recession-resistant business model.
  • Strong Household Demographics – The average household income within a 5-mile radius is approximately $75,794, indicating solid consumer spending power in the trade area.
  • Growth-Oriented Tenant – Dollar General recently announced plans to open 450 new stores and remodel 2,000 existing locations in 2026, underscoring continued corporate expansion and investment in its footprint.
  • Absolute Triple Net (NNN) Lease – Features zero landlord responsibilities, providing a passive, management-free investment structure.
  • Structured Rental Increases – Lease includes 5% rental escalations every five years during the primary term, supporting long-term income growth.
  • Strategic Regional Location – Situated in Bristol, part of the Tri-Cities MSA (Bristol, Johnson City, Kingsport), the property benefits from a stable and diversified regional economy supported by healthcare, education, manufacturing, and tourism.
  • Tourism and Event Traffic – Proximity to Bristol Motor Speedway and regional attractions ensures consistent consumer traffic and economic activity.
  • Tax-Friendly State – Located in Tennessee, which imposes no state income tax, offering potential tax advantages for investors.

Photos

Location

Agents

Broker of Record

Hutt Cooke

License # 356505 (TN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203