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Views: 34 DOM: 53 Updated: 04.25.24 Posted: 03.27.24 Status: Active

Summary

Price $1,793,556
Built/Renov 2024
Tenant Family Dollar | Dollar Tree
Cap Rate 6.75%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 10,500
Lease Start 05-01-2024
#Units 1,200
Price/SF $170.81
Expiration 04-30-2034
Tenant Type Dollar/Discount
NOI $121,065
R. Term 9.11
Ownership Fee Simple
Rent/SF $11.53
Increases 0.0%/0/yrs
Pop 5Mi 4,475
Lot/AC 1.12
Options 4/5yrs
AHHI 5Mi $59,093

Lease Highlights

  • Brand new 2024 construction
  • Family Dollar | Dollar Tree will be executing a brand new 10-year lease with 4 (5-year) options to extend
  • The lease features fluctuating rental escalations at the start of each option period
  • Corporate guarantee (NASDAQ: DLTR)
  • Investment grade tenant (S&P: BBB)

Location Description

Family Dollar | Dollar Tree is strategically located on Highway 64, a major thoroughfare, with excellent visibility and access to 5,914 vehicles passing by daily. The area is surrounded by well-known national tenants, including Dollar General, Exxon, CB&S Bank, Fastimes Grocer, and more. Key educational institutions in the vicinity include Tennessee College of Technology and Whiteville...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Family Dollar is an American retail, variety discount store chain, with over 8,000 locations in all states except Alaska and Hawaii. The chain operates general merchandise retail discount...


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Traffic

Collection Street Cross Street Year Traffic Vol Distance
Bass St 2021 5,602 0.07 mi
E Main St 2022 5,395 0.07 mi
E. MAIN ST. Cotton Way 2020 2,095 0.34 mi
East Main Street Cotton Way 2022 1,977 0.35 mi
S. CROSS AVE. Webb St 2020 1,114 0.67 mi
SR 179 Webb St 2021 1,168 0.68 mi
Country Rd 2022 2,077 0.78 mi
Hogghead Way 2021 2,200 0.78 mi
Oak St Jackson Ave 2003 3,060 0.99 mi
West Main Street Harris Ave 2022 516 0.99 mi

Listing Broker

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