Family Dollar | Recently Exercised Option 2035 Dayton Blvd 8,320 SF Retail Building Chattanooga, TN 37415 £1,175,304 (£141.26/SF) 7% 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
£1,175,304
Price Per SF
£141.26
Net Initial Yield
7%
NOI
£82,271
Tenancy
Single
Number of Floors
1
Building FAR
0.19
Lot Size
1.03 AC
Zoning
58317988 0
Parking
30 Spaces (3.61 Spaces per 1,000 SF Leased)
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 126C-F-019.01 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £389,538 |
