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Family Dollar NN Investment | 8.1% Cap Rate 511 Frazier Street 10 500 pi² Commerce de détail Immeuble Troy, TN 38260 2 011 606 $ CAD (191,58 $ CAD/pi²) 8,10% Taux de capitalisation
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Faits saillants de l'investissement
- Recent Construction: ±10,500 SF Family Dollar built in 2023 and is situated on a ±1.11-acre corner parcel in Troy, Tennessee
- Corporate Guaranteed Lease with Recession Resilient Tenant: Family Dollar is a proven discount retailer as demonstrated during the pandemic
- 7-mile radius has an average household income of $73,413
- Lease Structure: 10-Year NN lease runs through January 31, 2034, and has four 5-year renewal options, each with a $0.50/SF rent increase
- Strategic Location: Troy, located in northwest Tennessee’s Obion County, has a population of 6,638 within a 7-mile radius
- It is just over 100 miles northeast of Memphis. Broker of Record: Michael Bull, CCIM - TN License #339898
Résumé de l'annonce
The corporate guaranteed, 10-year NN lease runs through January 31, 2034, and has four 5-year renewal options, each with a $0.50/SF rent increase.
Landlord responsibilities include roof, structure, capital repairs to parking lot and payment of property taxes and property insurance & liability insurance. Tenant responsibilities include all other maintenance, including HVAC, liability insurance and full reimbursement of Landlord’s property insurance premium and property taxes.
Troy, a town in Obion County, is located in the northwest corner of Tennessee. Obion County is among the top five corn producing counties in the state. Troy is just over 26 miles north of Dyersburg, TN, approximately 93 miles south of Cape Girardeau, MO and approximately 108 miles northeast of Memphis. The population within a 7-mile radius is 6,638 with an average household income of $73,413.
The lease is guaranteed by Family Dollar, who was recently purchased by two private equity firms and who has 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 Troy. They provide investors with a proven retail concept with a long-term track record. This property is priced at $1,471,300 with an 8.1% cap rate.
Faits sur la propriété
Commodités
- Accessible aux fauteuils roulants
- Espace d'entreposage
- Climatisation
Principaux locataires Cliquez ici pour accéder à
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Family Dollar is a national discount retail chain headquartered in Chesapeake, Virginia, operating as a subsidiary of Dollar Tree since 2015. The company provides affordable everyday merchandise including household goods, groceries, cleaning supplies, apparel, health and beauty products, and seasonal items. Originally founded in 1959 in Charlotte, North Carolina, Family Dollar expanded rapidly through the Southeast and later nationwide. After its acquisition by Dollar Tree, the corporate headquarters transitioned to Chesapeake, though Family Dollar continues to maintain major operations and a distribution presence in Matthews and Charlotte, North Carolina. The Chesapeake headquarters supports executive leadership, merchandising, supply chain, operations, and administrative functions for thousands of Family Dollar stores across the United States. The brand focuses on neighborhood convenience, operating small-format stores that emphasize essential products at low prices.
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Impôts fonciers
| Numéro de lot | 093-065.00 | Évaluation des bâtiments | 35 097 $ CAD |
| Évaluation du terrain | 22 430 $ CAD | Évaluation totale | 57 527 $ CAD |
Impôts fonciers
Présenté par
Family Dollar NN Investment | 8.1% Cap Rate | 511 Frazier Street
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