INVESTMENT HIGHLIGHTS

• Premier Location Close to the Mall, Downtown, High Schools, & Colleges – This store is located along S Cumberland St (+13,250 VPD) in the heart of Morristown, and is situated directly between College Square Mall, the downtown district, Morristown East High School, Morristown West High School, Lincoln Heights Elementary, Walters State Community College, Tennessee College of Applied Technology (TCAT), any many other national retailers, public parks, medical facilities, etc.
• Dense Residential Pocket & Easy Access to Consumer Base – There is an estimated 12,700 residential houses within a 1-mile radius of this Dollar General per AI data.
• High Growth Tennessee Market (Knoxville MSA) – With an 8.85% population growth rate since 2020, Morristown is a hidden gem in Tennessee. The city also benefits from beautiful Cherokee Lake & the proximity to Knoxville, Tennessee.
• New Construction & Development – Brand-new Publix, Starbucks, Panda Express, Dutch Bro’s Coffee, Cheddar’s, Candlewood Suites Hotel, & sports complexes within close proximity to this Dollar General.
• College Town – Home to prestigious JUCO baseball program, Walters State Community College, and the Tennessee College of Applied Technology (TCAT) with a combined student population of over 7,500 students.
• Absolute Net (Abs.NNN) Lease Structure – Zero Landlord Responsibilities.
• Recession Resistant Tenant – Dollar General has been historically profitable during downturns in the U.S. Economy. Won the Silver Globe Business Excellence Award for their COVID-19 response.
• Base Term of Lease with Options – This DG has over 5.5 years remaining on the base term of the lease, with multiple options to extend for 5 years at a time.
• Rental Increases – Future owner will capitalize on 10% increases during each option.