Family Dollar | Recently Exercised Option | 2035 Dayton Blvd
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Family Dollar | Recently Exercised Option 2035 Dayton Blvd
8,320 SF Retail Building Chattanooga, TN 37415 £1,262,400 (£152/SF) 6.82% Net Initial Yield
Investment Highlights
- Long-Term Occupancy & Recently Exercised 5-Year Option
- Excellent Real Estate with multiple access points in a trade area with zero relocation options
- Lease has 10% increases every 5-years for the remaining option terms.
- 1.03 Acre Hard Corner Site
- Family Dollar has occupied the property since 2012 and recently exercised its first of four 5-year options.
- Landlord responsibilities are limited to only roof and structure thus providing ease of management.
Executive Summary
Introducing a prime investment opportunity in Red Bank, TN (Chattanooga MSA). NNN single-tenant property featuring a Corporate Lease with Family Dollar, a renowned retailer with a strong investment-grade credit rating. Situated on a spacious 1.03-acre hard corner site, this property boasts a long-term occupancy with a recently exercised option. 11 year operating history in this location. There are no realistic relocation options in the market for Family Dollar to relocate to making this a very strong long term investment!
This family-friendly retailer, Family Dollar, operates over 16,000 stores nationwide and offers an array of essential merchandise at budget-friendly prices for the whole family. With consistent rent increases and limited landlord responsibilities, this property provides a secure income stream for investors. Located in the growing Chattanooga MSA, this tax-free state investment promises stability and growth potential.
This family-friendly retailer, Family Dollar, operates over 16,000 stores nationwide and offers an array of essential merchandise at budget-friendly prices for the whole family. With consistent rent increases and limited landlord responsibilities, this property provides a secure income stream for investors. Located in the growing Chattanooga MSA, this tax-free state investment promises stability and growth potential.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,320 SF
Building Class
B
Year Built
2012
Price
£1,262,400
Price Per SF
£152
Net Initial Yield
6.82%
NOI
£86,096
Tenancy
Single
Number of Floors
1
Building FAR
0.19
Land Acres
1.03 AC
Zoning
58317988 0
Parking
30 Spaces (3.61 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 126C-F-019.01 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £407,945 |
PROPERTY TAXES
Parcel Number
126C-F-019.01
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£407,945
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Family Dollar | Recently Exercised Option | 2035 Dayton Blvd
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