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2366 Elizabethton Hwy, Johnson City, TN, 37601

Dollar General
$1,461,685

Key Information

Cap Rate
7%
Tot. SF
9,026
Lot Size
1.5 Acres
Year Built
2020/R2025
Term Remaining
±9 YRS
Type
Retail
NOI
$102,318

Highlights

  • Top U.S. Destination for Relocation | “Tri-Cities” Region of East TN – Johnson City is experiencing a surge in consumer demand & record population growth due to the number of Americans relocating to tax-free states with lower costs of living.
  • Notable Tenant Investment + Renovations | Future Site-Level Commitment – despite having a newly constructed building in 2020, Dollar General recently remodeled this store to accommodate for the impressive consumer demand, showing strong store performance, significant investment in the future, & a long-term commitment to this location.
  • College Town | Nearby to East Tennessee State University (ETSU) in Johnson City
  • Primary Thoroughfare Connecting Johnson City to Elizabethton, TN – strategically positioned by a strong residential pocket & located on the main connector between JC & Elizabethton, two growing cities in East TN.
  • Corporate Guarantee | Investment Grade Credit Rating: “BBB” (S&P)
  • Recently Constructed + Renovated | Large Building + Parcel
  • Attractive Long-Term Lease | Abs. NNN | 10% Rental Inc.

Photos

Location

Agents

Broker of Record

Hutt Cooke

License # 263667 (TN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203