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Family Dollar NN Investment Opportunity 11464 Scott Hwy 10,500 SF Retail Building Helenwood, TN 37755 $2,686,590 CAD ($255.87 CAD/SF) 6.70% Cap Rate
INVESTMENT HIGHLIGHTS
- Recent Construction: ±10,500 SF Family Dollar built in 2023 in Helenwood, TN approximately 57 miles NW of Knoxville.
- Corporate Guaranteed Lease with Recession Resilient Tenant: Family Dollar is a proven discount retailer as demonstrated during the pandemic.
- Bull Realty Tennessee License #: 259046
- Lease Structure: 10-Year NN lease, with limited landlord responsibilities, runs through February 28, 2034, and has four 5-year renewal options.
- Strategic Location: Positioned just south of Baker Hwy & U.S. Hwy 27 (±12,800 VPD) near major employers & educational institutions.
EXECUTIVE SUMMARY
This recently constructed ±10,500 SF Family Dollar store, built in 2023, is situated on a ±1.31-AC parcel on U.S. Hwy 27 with over 12,800 VPD in Helenwood, TN. The population within a 10-mile radius is almost 20,000 with an average household income of $58,267, making this an ideal target market for the Family Dollar concept.
Helenwood, located in Scott County, is about 57 miles northwest of Knoxville. Within two miles of Family Dollar are several area employers including Great Dane (flatbed trailer manufacturer), Tennier Industries, Armstrong Flooring, Tennessee College of Applied Technology, and Scott High School.
The 10-year NN lease runs through February of 2034 with four 5-year renewal options. Landlord responsibilities include to primarily roof, structure and capital repairs to parking lot. The tenant fully reimburses the landlord for property taxes and insurance. The tenant is also responsible for all other maintenance, grounds care and HVAC.
The lease is guaranteed by Family Dollar, who was recently purchased by two private equity firms. This includes over 7,500 stores in 49 states. Family Dollar specializes in providing value and a large product and limited grocery selection to smaller communities such as Helenwood. They provide investors with a proven retail concept with a long-term track record. This is priced at $1,943,283.58 or a 6.7% cap rate.
Helenwood, located in Scott County, is about 57 miles northwest of Knoxville. Within two miles of Family Dollar are several area employers including Great Dane (flatbed trailer manufacturer), Tennier Industries, Armstrong Flooring, Tennessee College of Applied Technology, and Scott High School.
The 10-year NN lease runs through February of 2034 with four 5-year renewal options. Landlord responsibilities include to primarily roof, structure and capital repairs to parking lot. The tenant fully reimburses the landlord for property taxes and insurance. The tenant is also responsible for all other maintenance, grounds care and HVAC.
The lease is guaranteed by Family Dollar, who was recently purchased by two private equity firms. This includes over 7,500 stores in 49 states. Family Dollar specializes in providing value and a large product and limited grocery selection to smaller communities such as Helenwood. They provide investors with a proven retail concept with a long-term track record. This is priced at $1,943,283.58 or a 6.7% cap rate.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,500 SF
Building Class
C
Year Built
2023
Price
$2,686,590 CAD
Price Per SF
$255.87 CAD
Cap Rate
6.70%
NOI
$180,002 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.31 AC
Opportunity Zone
Yes
Frontage
AMENITIES
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Family Dollar
- Retailer
-
99,999 SF
- -
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Family Dollar | Retailer | 99,999 SF | - | Jan 0000 |
PROPERTY TAXES
| Parcel Number | 085L-A-028.00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $166,342 CAD |
PROPERTY TAXES
Parcel Number
085L-A-028.00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$166,342 CAD
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Family Dollar NN Investment Opportunity | 11464 Scott Hwy
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