Dollar General - NN Lease - 7.8 CAP - Ocoee TN

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30266932
Property Subtypes: Street Retail
Status: Pending/Contingent
Building Size (RSF): 9,014 SF
Gross Building Area: 9,100 SF
Gross Land Area: 43,560 SF
Sale Price: $725,000
Unit Price: $80.43 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 7.8%
Last Updated: 9/18/2018

Overview / Comments

Just Reduced! 7.8 Cap!! Stand alone Dollar General in Ocoee, TN on major highway. The property was built for Dollar General in 2004. It is currently NN leased to Dollar General through October of 2024 on an early lease extension, with three 5 year renewal options remaining. New HVAC in 2015. Well located to serve the local residents as well as visitors to the Ocoee recreation white water mecca. Square footage is from tax records, is not guaranteed, and should be verified by Buyer.
From Knoxville, take I-40 West to south on I-75.Take the TN-60 exit, EXIT 25, toward Cleveland/Dayton.Turn right onto TN-60/Georgetown Rd NW. Continue to follow TN-60.Merge onto US-64 E/TN-40 toward Ocoee.Take a slight left onto Whitewater Drive.

Additional Details

Nearest MSA: Cleveland
County: Polk
Taxing Authority: Polk County
Tax ID/APN: 064B C 016.00
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Visibility: Good
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 2004
Roof Type: Flat
Construction/Siding: Metal Siding
Parking Type: Surface
Heat Type: Electricity

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 5,644 13,874
Median Age: 40.09 38.18
Households: 2,116 5,121
The information presented herein is provided as is, without warranty of any kind. Neither Knoxville Area Association of REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.