| Purchase Price | $1,760,000 |
|---|---|
| Annual Rental Income | $132,000 |
| Cap Rate | 7.50% |
| Lease Term | 10 Years |
| City | Chattanooga |
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This opportunity features a net-lease property leased to Dollar General Corporation, a publicly traded, investment-grade retailer. With an absolute triple-net lease, the tenant is responsible for all property expenses—taxes, insurance, upkeep, roof, and HVAC—ensuring truly passive, long-term income for investors.
Chattanooga is the fourth-largest city in Tennessee, with a city population nearing 181,000 and an MSA exceeding 560,000 residents. It offers a cost of living below the national average, attractive housing, and a median household income around $82,500. The local economy is robust with diversified employment sectors—including healthcare, manufacturing, tourism, and education—bolstered by universities, major employers, and natural amenities that attract three million annual tourists . This specific Dollar General site is located at a high-visibility signalized intersection off Interstate‑59 on Hixson Pike, approximately three miles from schools and lakefront residential zones, with combined traffic counts exceeding 12,000 vehicles per day