- For Sale $1,271,000
- Property Type Retail - Street Retail
- Property Size 9,100 SF
- Lot Size 1.35 Acre
- Additional Rent Contact for pricing
- Year Built 2016
- Date Updated Jan 10, 2025
Speedwell, Tennessee is a small unincorporated community located in Claiborne County, in the northeastern part of the state. Approximately 55 miles from Knoxville, it is near the Cumberland Gap, a historic mountain pass that played a significant role in early American westward expansion.This is an attractive, freestanding, Dollar General site on a large lot of approximately 1.35 acres. The lease has approximately 6+ years remaining and is Double Net (NN) with minimal Landlord responsibilities (limited to just roof and structure). This store has been servicing the Speedwell and adjacent communities with essential goods since 2016. This solid investment is being offered at an 8.00% Cap Rate, providing a Buyer with an attractive, stabilized income stream.
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Highlights
- Build-to-suit, classic, Dollar General
- Five (5) 5-Year Options with a 10% increase at each option period
- Dollar General Corporate Guarantee (NYSE: DG)
- Speedwell is close to Cumberland Gap National Historical Park and the Powell River
- 6+ Years remaining on the lease term, expiration date is April 2, 2031
- Tennessee is an income tax-free state
- Stable income with a National Investment Credit Tenant
False
Contacts
Location
Getting Around
-
Walk Score ®
12/100
Car-Dependent
-
Bike Score ®
14/100
Somewhat Bikeable
Powered by Walk Score ®
- City Speedwell, TN
- Zip Code 37870
Frequently Asked Questions
How much does 7592 Highway 63 cost?
The space currently listed for sale at 7592 Highway 63 asks for $1,271,000.
What is the total square footage of 7592 Highway 63?
7592 Highway 63 totals 9,100 square feet.
When was this property built?
7592 Highway 63 was built in 2016.
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Contact Listing Broker
NAI Capital