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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 2 030 085 $ CAD (193,34 $ 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
This ±10,500 SF, Family Dollar built in 2023, is on a ±1.11-acre parcel at the corner of Frazier St. and U.S. Hwy 51 (Jere B. Ford Memorial Hwy) in Troy, Tennessee. Traffic counts on U.S. Hwy 51 near the property are 11,510 VPD.
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.
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
Type de vente
Investissement
Type de propriété
Commerce de détail
Sous-type de propriété
Taille du bâtiment
10 500 pi²
Classe d’immeuble
C
Année de construction
2023
Prix
2 030 085 $ CAD
Prix par pi²
193,34 $ CAD
Taux de capitalisation
8,10%
Revenu net d’exploitation
164 437 $ CAD
Location
Unique
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,22
Taille du lot
1,11 AC
Zone de développement économique
Oui
Stationnement
28 places (2,67 places par 1 000 pi² loué)
Façade
210’ sur Frazier Street
Commodités
- Accessible aux fauteuils roulants
- Espace d'entreposage
- Climatisation
Principaux locataires Cliquez ici pour accéder à
- Locataire
- Secteur
- pi² Occupé
- Loyer/pi²
- Fin du bail
-
- Détaillant
- -
- -
-
Jan 0000
Family Dollar began in 1959 as a discount variety store chain and grew from a neighborhood retail concept into a nationwide business serving everyday shopping needs. The company focuses on affordable family essentials and carries food and beverages, paper products, health and beauty supplies, pet food, home products, apparel and accessories, seasonal goods, and electronics. Family Dollar supports convenient value shopping through national brands, private-label items, and digital savings tools across the United States.
| Locataire | Secteur | pi² Occupé | Loyer/pi² | Fin du bail | ||
|
|
Détaillant | - | - | Jan 0000 |
Relativement accessible à pied
30/100
Exceptionnellement adapté aux voitures
100/100
Relativement accessible en vélo
20/100
Impôts fonciers
| Numéro de lot | 093-065.00 | Évaluation des bâtiments | 35 575 $ CAD |
| Évaluation du terrain | 22 736 $ CAD | Évaluation totale | 58 311 $ CAD |
Impôts fonciers
Numéro de lot
093-065.00
Évaluation du terrain
22 736 $ CAD
Évaluation des bâtiments
35 575 $ CAD
Évaluation totale
58 311 $ CAD
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Family Dollar NN Investment | 8.1% Cap Rate | 511 Frazier Street
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