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3101 Dodson Ave, Chattanooga, TN, 37406

Dollar General

$1,402,666

Key Information

Cap Rate
6.75%
Tot. SF
9,100
Lot Size
1.04 Acres
Year Built
2012
Term Remaining
± 5.5 Years
Type
Retail
NOI
$94,680

Highlights

• 2012 build-to-suit construction for Dollar General
• Corporate guaranty from Dollar General Corporation
• Absolute NNN lease with zero landlord responsibilities
• ±5.5-Years remaining on a recently extended lease
• Attractive 10% rent increase to occur on Feb 1, 2027 (Cap rate will increase to 7.43%, assuming a purchase at list price)
• Dollar General just exercised their 1st renewal option with zero landlord concessions
• 3-Mile population of 39,525 & 5-Mile population of 141,941 residents
• 1.2% population growth estimated over the next 5-years
• Average household income of $84,662 annually
• Chattanooga is the fourth largest MSA in the state of Tennessee

Photos

Location

Agents

Broker of Record

Hutt Cooke

License # 356505, 263667 (TN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203