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.