March 28, 2021
SOLD – DOLLAR GENERAL NET LEASE – ALCOA TENNESSEE
J.H. Winokur, Inc. is pleased to announce the closing of the sale of a net lease Dollar General located in Alcoa Tennessee. There are 70,160 people in the five-mile radius with population growth. Alcoa is part of Knoxville MSA and known for its Aloca aluminum plant owned and operated by the Alcoa corporation. Hall Road/State Route 35 is a major thoroughfare with 25,000 ADT and 54,050 average daily traffic count at the nearby East Hunt Road intersection. The site is just a couple of blocks from the Holiday Inn Express, Main Stay Suites Knoxville Airport, Quality Inn and other surrounding retailers including Texas Roadhouse, O’Charley’s Restaurant and SunTrust Bank. Within a 10 mile radius there are 167,000 people
A main selling feature for Dollar General (NYSE: DG) is the tenant’s S&P and Moody Investment grade credit rating. As of July 31, 2020, Dollar General operates 16,720 stores in 46 states.
J.H. Winokur represented the seller a private investor.
Founded in 1978, J.H. Winokur continues to be a trusted advisor and broker for private investors and 1031 exchange buyers seeking the best real estate investments for their goals. For more information contact Jeff Winokur.
