Menu Close
t r a n s l a t e

Dollar General Net Lease Investment Opportunity | 8% Cap Rate

8851 Hiwassee Street
Charleston, TN 37310
PRICE : $577,500
SITE SIZE: 1.58 Acres


  • Established and successful Dollar General with a low rent/SF
  • Essential business with no nearby dollar store competition
  • Extended NN lease thru 3/31/25 with two 5-year options
  • Dollar General CAM reimbursements cover current all Landlord expenses
  • Located on the main thoroughfare near Interstate-75
  • Nearby businesses include an Amazon Fulfillment Center, General Electric, Resolute Forest Products, United Hydrogen Cryogenics and more
  • Strong national credit tenant guarantee and rare 8% cap rate
  • Nancy Miller TN License #318507


Opportunity to acquire this successful, single-tenant NN Dollar General in Charleston, TN. This is an esential business that was renovated in 2015. The ± 8,125 SF Dollar General, situated on large ± 1.58-acre parcel, has a brick facade and was built in 2004. The NN lease was extended through March 31, 2025 with two 5-year options, each with 10% rent increases. Located on the main road through Charleston, this is the only dollar store in the area and unofficially has store sales at around $2M annually.

This area of eastern Tennessee is close to Interstate-75, located 10 miles from Cleveland, TN MSA, about 45 miles NE of Chattanooga. Charleston is also the home to a new Amazon Fulfillment Center, one of three “state of the art” centers in eastern Tennessee.

As a NN lease, the Landlord is responsible for roof, structure, parking lot, landscaping, and for repairs and maintenance for fixtures and equipment above $750 per occurrence. The Landlord is fully reimbursed by the Tenant for taxes and insurance and the Landlord receives a monthly CAM reimbursement from the Tenant.

This offering has an exceptional tenant guarantee with Dollar General and a strong 8% cap rate.

Request more information