Whiteville Retail for Sale
AiCRE Partners Is Pleased To Present Exclusively For Sale The 10,500 Sf Single Tenant, Free Standing Building Leased To Family Dollar Stores Of Tennessee, Llc At 2068 Highway 64 In Whiteville, Tn.
This Family Dollar property represents a compelling, newly constructed net-lease investment in the growing community of Whiteville, Tennessee. Delivered in 2024 as a build-to-suit for Family Dollar Stores of Tennessee, LLC, the asset features a long-term double-net lease backed by a corporate guaranty, offering investors durable income with minimal landlord responsibilities. With approximately eight years remaining on the primary term and four five-year renewal options, the lease provides reliable longevity supported by scheduled rental increases at the start of each option period. The property occupies a high-visibility position along US Highway 64, a key regional thoroughfare, ensuring continuous exposure and consistent traffic flow. Its strategic placement in front of Dollar General and adjacent to Exxon, Cb&S Bank, Fastimes Grocer, and other local retail draws enhances cross-shopping and positions the store as a central anchor within the trade area. Local demographics further strengthen the value proposition, with households within a five-mile radius spending over $4 million annually on hobbies, personal items, and entertainment. Traffic counts along Highway 64 exceed 5,900 vehicles per day, anchoring the necessity-based shopping patterns that Family Dollar has historically captured. This offering is supported by a stable income stream of $121,065 in annual base rent, translating to a 7.60 percent cap rate, and the corporate-operated store aligns with Family Dollar’s national strategy of operating combination-format locations that outperform traditional footprints by more than 20 percent in comparable markets. As Whiteville continues its measured growth, fueled by Tennessee’s business-friendly climate and favorable tax environment, this property stands out as a secure and strategic addition to any net-lease investment portfolio.
