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805 Pennell LnDyersburg, TN 38024
ALDI - Dyersburg, TN
Asset ClassRetail
Deal Size$2.56 M
Brand New Construction | 20-Year Ground Lease | Low Rent & Price Point | $116,000+ AHHI
overview of deal

Overview

TSCG is pleased to offer for sale a brand-new 20-year ALDI ground lease located in Dyersburg, Tennessee. The Property is well-positioned in the city’s dominant retail corridor with strong traffic counts and an exceptional regional draw. ALDI is situated along Lake Road (SR-78) with 22,000+ VPD, less than 0.5 miles from U.S. Hwy 51 and Interstate 155. The property is surrounded by major tenants including Walmart, Kroger, Planet Fitness, Tractor Supply, Chick-fil-A, McDonald’s, Chipotle, Zaxby’s, Lowe’s and The Commons at Dyersburg (Hobby Lobby, Marshalls, Ulta, Five Below), creating a strong retail synergy and consistent consumer traffic.

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Investment Highlights

  • Brand new 20-year ground lease with 8% rent increases every 5 years
  • Bite sized deal with ultra-low rent and cost basis
  • Super-Regional trade area with limited competition and over 30-mile draw from Walmart (2.6M visits), Commons of Dyersburg (1.7M visits), Lowe’s (750K visits) and more
  • High visibility and strong daytime traffic – nearly 23,000 VPD along the frontage road
  • Strong employment base with significant presence in manufacturing and distribution
  • Proximity to Dyersburg State Community College (3,100+ students) and West Tennessee Healthcare Dyersburg Hospital (225 beds)

 

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805 Pennell LnDyersburg, TN 38024

Contact Us

Adam BirnbreyManaging Director of Investment Sales(404) 934-5558adam.birnbrey@tscg.com
Neal PringleSenior Managing Director of Investment Sales(678) 230-7188neal.pringle@tscg.com
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