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Family Dollar | Dollar Tree 250 Taft Dr 10,500 SF Retail Building Spencer, TN 38585 $2,359,105 CAD ($224.68 CAD/SF) 7.30% Cap Rate
INVESTMENT HIGHLIGHTS
- New 10-Year Lease | Corporate Guaranteed | Scheduled Rent Increases | Brand New Construction
- Located Along State Hwy 111 (5,500 VPD) | Excellent Visibility & Access | Van Buren County High School
- NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Demographics in 10-mile Trade Area
EXECUTIVE SUMMARY
• Tenant recently executed a brand-new 10-year lease with 5 (5-year) options to extend
• Corporate guaranteed by Family Dollar Stores, Inc., a nationally recognized and established dollar store
• Features $0.50 PSF/Year rental increases at the beginning of each option period, growing NOI and hedging against inflation
• Brand new construction features a state-of-the-art design with high-quality materials
• Located along State Hwy 111 which averages 5,500 vehicles passing by daily and is a major retail thoroughfare serving the town of Spencer
• Corporate guaranteed by Family Dollar Stores, Inc., a nationally recognized and established dollar store
• Features $0.50 PSF/Year rental increases at the beginning of each option period, growing NOI and hedging against inflation
• Brand new construction features a state-of-the-art design with high-quality materials
• Located along State Hwy 111 which averages 5,500 vehicles passing by daily and is a major retail thoroughfare serving the town of Spencer
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,500 SF
Building Class
B
Year Built
2023
Price
$2,359,105 CAD
Price Per SF
$224.68 CAD
Cap Rate
7.30%
NOI
$172,215 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.25 AC
Opportunity Zone
Yes
Zoning
C-2 - General Commercial
Parking
27 Spaces (2.57 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Family Dollar Stores of Tennessee, LLC
- Retailer
-
99,999 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Family Dollar Stores of Tennessee, LLC | Retailer | 99,999 SF | - | - |
PROPERTY TAXES
| Parcel Number | 030B-B-001.00 | Improvements Assessment | $430,648 CAD |
| Land Assessment | $70,505 CAD | Total Assessment | $501,153 CAD |
PROPERTY TAXES
Parcel Number
030B-B-001.00
Land Assessment
$70,505 CAD
Improvements Assessment
$430,648 CAD
Total Assessment
$501,153 CAD
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Family Dollar | Dollar Tree | 250 Taft Dr
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